Yousif Capital Management LLC Buys 144,981 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Yousif Capital Management LLC grew its stake in Equitable Holdings, Inc. (NYSE:EQH) by 1,739.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,314 shares of the company’s stock after acquiring an additional 144,981 shares during the quarter. Yousif Capital Management LLC’s holdings in Equitable were worth $5,105,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Lindbrook Capital LLC boosted its position in Equitable by 143.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after acquiring an additional 591 shares during the last quarter. Blue Trust Inc. boosted its position in Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after acquiring an additional 704 shares during the last quarter. GAMMA Investing LLC acquired a new position in Equitable during the 4th quarter worth approximately $50,000. UMB Bank n.a. boosted its position in Equitable by 128.3% during the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Equitable during the 3rd quarter worth approximately $67,000. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. UBS Group increased their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Equitable Stock Performance

EQH opened at $37.13 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44. The company has a market capitalization of $12.16 billion, a P/E ratio of 10.99 and a beta of 1.42. The stock has a fifty day moving average of $35.79 and a 200-day moving average of $32.52.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. On average, equities research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the completion of the transaction, the chief executive officer now owns 685,025 shares of the company’s stock, valued at $24,825,306. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the sale, the chief executive officer now directly owns 685,025 shares in the company, valued at $24,825,306. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the completion of the sale, the chief operating officer now owns 141,062 shares in the company, valued at $5,112,086.88. The disclosure for this sale can be found here. Insiders sold a total of 241,907 shares of company stock valued at $8,338,649 over the last quarter. 1.02% of the stock is owned by corporate insiders.

Equitable 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.