Rockefeller Capital Management L.P. Lowers Position in Equitable Holdings, Inc. $EQH

Rockefeller Capital Management L.P. decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 86,285 shares of the company’s stock after selling 3,178 shares during the period. Rockefeller Capital Management L.P.’s holdings in Equitable were worth $4,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after buying an additional 2,061,496 shares during the period. Geode Capital Management LLC boosted its position in Equitable by 26.4% during the 2nd quarter. Geode Capital Management LLC now owns 7,428,619 shares of the company’s stock valued at $415,786,000 after acquiring an additional 1,551,551 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Equitable by 4.8% in the 1st quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company’s stock valued at $301,536,000 after acquiring an additional 265,759 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Equitable by 29.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,498,091 shares of the company’s stock worth $308,443,000 after acquiring an additional 1,254,521 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Equitable by 18.3% during the 2nd quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock worth $223,168,000 after purchasing an additional 615,314 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on EQH shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Equitable in a report on Monday. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Wall Street Zen cut shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Morgan Stanley lowered their target price on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods upped their price target on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.18.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $43.28, for a total value of $293,871.20. Following the sale, the chief operating officer owned 68,308 shares in the company, valued at $2,956,370.24. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $43.14, for a total transaction of $1,712,658.00. Following the transaction, the chief executive officer directly owned 676,540 shares of the company’s stock, valued at $29,185,935.60. This represents a 5.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 176,358 shares of company stock valued at $8,760,599 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Up 3.0%

Shares of Equitable stock opened at $45.11 on Friday. The firm’s 50 day simple moving average is $48.79 and its two-hundred day simple moving average is $51.61. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of -16.35 and a beta of 1.17. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 11.87.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. Equitable’s quarterly revenue was down 52.8% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 24th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 24th. Equitable’s dividend payout ratio (DPR) is presently -39.13%.

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.