OMERS ADMINISTRATION Corp Has $663,000 Stake in Equitable Holdings, Inc. (NYSE:EQH)

OMERS ADMINISTRATION Corp trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 78.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,052 shares of the company’s stock after selling 51,536 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Equitable were worth $663,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. raised its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. raised its stake in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after purchasing an additional 430 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Equitable by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after purchasing an additional 409 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $352,698.06. Following the transaction, the chief operating officer now owns 94,980 shares in the company, valued at $5,025,391.80. This trade represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. The trade was a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,998 shares of company stock worth $6,345,563 over the last 90 days. Insiders own 1.10% of the company’s stock.

Equitable Price Performance

Shares of EQH stock opened at $53.56 on Friday. The stock’s fifty day moving average is $50.17 and its 200-day moving average is $49.98. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market capitalization of $16.28 billion, a PE ratio of 14.02 and a beta of 1.15. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.43 EPS. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on EQH. BMO Capital Markets upped their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Wells Fargo & Company increased their price objective on Equitable from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Truist Financial increased their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their price objective on Equitable from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley dropped their price objective on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Equitable has a consensus rating of “Moderate Buy” and an average price target of $61.08.

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.