Counterpoint Mutual Funds LLC Has $702,000 Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Counterpoint Mutual Funds LLC decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,877 shares of the company’s stock after selling 3,555 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Equitable were worth $702,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NFC Investments LLC acquired a new position in Equitable during the 4th quarter worth approximately $3,538,000. First National Advisers LLC increased its holdings in shares of Equitable by 5.1% during the fourth quarter. First National Advisers LLC now owns 65,084 shares of the company’s stock valued at $3,070,000 after acquiring an additional 3,174 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Equitable by 109.7% during the fourth quarter. Natixis Advisors LLC now owns 69,871 shares of the company’s stock worth $3,296,000 after purchasing an additional 36,550 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in shares of Equitable in the 4th quarter worth $226,000. Finally, LBP AM SA grew its position in Equitable by 560.9% in the 4th quarter. LBP AM SA now owns 161,462 shares of the company’s stock valued at $7,616,000 after purchasing an additional 137,033 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insider Activity at Equitable

In other news, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,032 shares of company stock worth $4,799,566. 1.10% of the stock is owned by company insiders.

Equitable Stock Up 3.5 %

EQH opened at $51.28 on Monday. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 13.42 and a beta of 1.39. The company’s 50-day moving average price is $52.42 and its two-hundred day moving average price is $47.62. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a twelve month low of $35.18 and a twelve month high of $56.00.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. BMO Capital Markets raised their price target on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Morgan Stanley raised their target price on Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, Barclays upped their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.75.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.