Victory Capital Management Inc. Lowers Position in Equitable Holdings, Inc. (NYSE:EQH)

Victory Capital Management Inc. decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,981 shares of the company’s stock after selling 12,696 shares during the period. Victory Capital Management Inc. owned about 0.08% of Equitable worth $11,980,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Equitable during the fourth quarter valued at about $295,000. Principal Financial Group Inc. boosted 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 purchasing an additional 148,180 shares during the last quarter. Vest Financial LLC grew its position in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after purchasing an additional 78,725 shares in the last quarter. Finally, Qsemble Capital Management LP increased its stake in Equitable by 902.4% in the 3rd quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock valued at $3,298,000 after buying an additional 70,629 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Price Performance

EQH opened at $49.55 on Friday. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 12.97 and a beta of 1.39. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a 50-day moving average price of $52.32 and a 200-day moving average price of $47.46. Equitable Holdings, Inc. has a twelve month low of $34.95 and a twelve month high of $56.00.

Equitable (NYSE:EQH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. Equities analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. Equitable’s dividend payout ratio (DPR) is 25.13%.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 in the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their price objective on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company raised their price objective on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average price target of $57.75.

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.