New York State Teachers Retirement System Has $6.84 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

New York State Teachers Retirement System grew its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,986 shares of the company’s stock after purchasing an additional 2,205 shares during the period. New York State Teachers Retirement System’s holdings in Equitable were worth $6,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after purchasing an additional 338,205 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Equitable by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after purchasing an additional 68,900 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after buying an additional 148,180 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company boosted their target price on shares of Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial boosted their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.58.

Equitable Trading Up 0.4 %

Shares of Equitable stock opened at $55.77 on Thursday. The firm has a 50-day moving average of $50.69 and a 200-day moving average of $46.10. The stock has a market cap of $17.47 billion, a PE ratio of 14.60 and a beta of 1.39. Equitable Holdings, Inc. has a 52-week low of $32.96 and a 52-week 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.

Equitable (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be given a $0.24 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.72%. Equitable’s payout ratio is presently 25.13%.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $315,368.46. Following the completion of the sale, the chief operating officer now owns 98,875 shares of the company’s stock, valued at approximately $4,677,776.25. This represents a 6.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,698 shares of company stock valued at $6,534,234. 1.10% of the stock is owned by company insiders.

About Equitable

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.