Equitable Holdings, Inc. (NYSE:EQH) Position Trimmed by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 78.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,052 shares of the company’s stock after selling 51,536 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Equitable were worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EQH. Norges Bank purchased a new position in Equitable during the 4th quarter valued at about $668,250,000. Wellington Management Group LLP grew its stake in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after acquiring an additional 3,303,449 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after acquiring an additional 1,261,466 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Equitable by 237.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock valued at $82,955,000 after acquiring an additional 1,236,799 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Equitable during the 4th quarter valued at about $53,927,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.90, for a total transaction of $1,587,000.00. Following the completion of the transaction, the chief executive officer now directly owns 733,206 shares in the company, valued at $38,786,597.40. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,998 shares of company stock worth $6,345,563 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EQH shares. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Evercore ISI lowered their price target on Equitable from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Morgan Stanley lowered their price target on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price target on Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Equitable Stock Up 1.3%

EQH opened at $53.56 on Friday. The business has a 50 day moving average price of $50.17 and a 200 day moving average price of $49.98. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market cap of $16.28 billion, a P/E ratio of 14.02 and a beta of 1.15.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 105.2% compared to the same quarter last year. Research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

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.