Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Bain Capital Public Equity LP

Bain Capital Public Equity LP trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 15.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 104,514 shares of the company’s stock after selling 19,818 shares during the period. Equitable accounts for approximately 3.2% of Bain Capital Public Equity LP’s holdings, making the stock its 15th largest position. Bain Capital Public Equity LP’s holdings in Equitable were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EQH. Versant Capital Management Inc raised its position in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Bessemer Group Inc. raised its holdings in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. lifted its position in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Mizuho Bank Ltd. boosted its holdings in shares of Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after buying an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after buying an additional 1,265 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at approximately $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares in the company, valued at $4,835,300.22. The trade was a 6.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Equitable stock opened at $50.49 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 13.22 and a beta of 1.15. The stock has a fifty day moving average of $50.14 and a two-hundred day moving average of $49.53. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equitable’s revenue for the quarter was up 105.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 annualized dividend and a dividend yield of 1.90%. Equitable’s payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EQH shares. BMO Capital Markets upped their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Evercore ISI dropped their price target on Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays boosted their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

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.