Mutual of America Capital Management LLC Sells 11,908 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mutual of America Capital Management LLC decreased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,045 shares of the company’s stock after selling 11,908 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Equitable worth $7,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of Equitable by 261.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after purchasing an additional 1,641 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Equitable in the fourth quarter valued at $362,000. Trexquant Investment LP bought a new position in shares of Equitable in the 4th quarter valued at about $834,000. Franklin Resources Inc. increased its stake in shares of Equitable by 127.8% during the 4th quarter. Franklin Resources Inc. now owns 210,673 shares of the company’s stock worth $7,015,000 after purchasing an additional 118,178 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Equitable by 19.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 69,671 shares of the company’s stock valued at $2,320,000 after purchasing an additional 11,508 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the sale, the chief executive officer now owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the transaction, the chief operating officer now owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the sale, the chief executive officer now owns 678,555 shares in the company, valued at $28,635,021. The disclosure for this sale can be found here. Insiders sold 69,969 shares of company stock valued at $2,918,964 over the last quarter. 1.10% of the stock is owned by company insiders.

Equitable Price Performance

Shares of Equitable stock opened at $42.47 on Friday. The company has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $39.39. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.50. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 13.15 and a beta of 1.42. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Analysts forecast that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Analyst Ratings Changes

A number of equities analysts recently commented on EQH shares. Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Morgan Stanley reduced their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Truist Financial increased their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $43.00 in a report on Tuesday, June 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.64.

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.