Yousif Capital Management LLC Sells 6,349 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Yousif Capital Management LLC cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 115,383 shares of the company’s stock after selling 6,349 shares during the period. Yousif Capital Management LLC’s holdings in Equitable were worth $5,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after buying an additional 1,367,837 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Equitable by 1,092.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock valued at $41,302,000 after acquiring an additional 802,160 shares in the last quarter. National Pension Service boosted its position in shares of Equitable by 23,851.6% during the 3rd quarter. National Pension Service now owns 396,399 shares of the company’s stock valued at $16,661,000 after acquiring an additional 394,744 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Equitable by 1,133.8% during the third quarter. Bank of Montreal Can now owns 388,941 shares of the company’s stock worth $16,328,000 after purchasing an additional 357,417 shares in the last quarter. Finally, State Street Corp increased its position in shares of Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after purchasing an additional 338,205 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In related news, insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the sale, the insider now owns 121,629 shares of the company’s stock, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now directly owns 648,555 shares in the company, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,032 shares of company stock worth $7,587,971 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Equitable Price Performance

Shares of Equitable stock opened at $52.23 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a one year low of $32.72 and a one year high of $54.82. The business’s 50 day simple moving average is $49.40 and its two-hundred day simple moving average is $45.31. The stock has a market capitalization of $16.36 billion, a P/E ratio of -47.91 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Analysts forecast that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. Equitable’s payout ratio is presently -88.07%.

Analysts Set New Price Targets

EQH has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on shares of Equitable in a research report on Thursday, January 23rd. They set an “outperform” rating and a $70.00 target price for the company. Wells Fargo & Company cut their target price on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

Equitable Company Profile

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.