Equitable Holdings, Inc. $EQH Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,574 shares of the company’s stock after selling 140,221 shares during the period. Voya Investment Management LLC’s holdings in Equitable were worth $15,568,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. WPG Advisers LLC acquired a new stake in Equitable in the first quarter valued at approximately $27,000. True Wealth Design LLC boosted its stake in shares of Equitable by 592.6% in the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares during the period. Orion Capital Management LLC acquired a new stake in Equitable during the 1st quarter valued at $33,000. Hilltop National Bank purchased a new stake in Equitable during the 3rd quarter worth $37,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on EQH shares. Keefe, Bruyette & Woods boosted their price target on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen downgraded shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Morgan Stanley cut their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Evercore ISI boosted their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.33.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $47.88, for a total transaction of $1,900,836.00. Following the completion of the transaction, the chief executive officer owned 665,445 shares of the company’s stock, valued at approximately $31,861,506.60. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 4,300 shares of Equitable stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the sale, the chief accounting officer owned 15,625 shares in the company, valued at approximately $738,593.75. This represents a 21.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 173,770 shares of company stock worth $8,120,014. Company insiders own 1.10% of the company’s stock.

Equitable Stock Up 0.9%

EQH stock opened at $48.46 on Tuesday. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of -17.56 and a beta of 1.12. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61. The firm has a fifty day moving average price of $46.80 and a two-hundred day moving average price of $50.75. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13.

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). Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $1.58 EPS. Equitable’s quarterly revenue was down 52.8% on a year-over-year basis. Research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, November 24th. Equitable’s dividend payout ratio is presently -39.13%.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.