Edgestream Partners L.P. Sells 137,085 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Edgestream Partners L.P. cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 85.5% during the 4th quarter, HoldingsChannel reports. The firm owned 23,218 shares of the company’s stock after selling 137,085 shares during the period. Edgestream Partners L.P.’s holdings in Equitable were worth $1,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. grew its stake in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after purchasing an additional 209 shares during the last quarter. Covestor Ltd grew its holdings in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the last quarter. Truist Financial Corp grew its stake in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after purchasing an additional 257 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after buying an additional 266 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Price Performance

EQH stock opened at $50.64 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company’s 50-day moving average is $52.24 and its 200-day moving average is $47.44. The stock has a market capitalization of $15.59 billion, a PE ratio of 13.26 and a beta of 1.39. Equitable Holdings, Inc. has a 1 year low of $33.91 and a 1 year high of $56.00.

Equitable (NYSE:EQH) last issued its 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 net margin of 10.51% and a return on equity of 85.70%. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Insider Buying and Selling

In other news, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the transaction, the insider now owns 141,629 shares in the company, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock worth $6,534,234 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQH shares. Wells Fargo & Company raised their price objective on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Truist Financial lifted their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets upped 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.75.

Equitable 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.