Tributary Capital Management LLC Has $455,000 Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Tributary Capital Management LLC reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,640 shares of the company’s stock after selling 530 shares during the quarter. Tributary Capital Management LLC’s holdings in Equitable were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Equitable by 10.9% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 236,247 shares of the company’s stock valued at $11,106,000 after buying an additional 23,250 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Equitable by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,936 shares of the company’s stock valued at $846,000 after buying an additional 448 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after buying an additional 209 shares during the last quarter. Aspiriant LLC bought a new position in shares of Equitable during the fourth quarter valued at about $214,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during 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. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Performance

NYSE EQH opened at $53.14 on Friday. The company’s 50 day moving average is $48.32 and its 200-day moving average is $44.61. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $53.99. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a market cap of $16.65 billion, a P/E ratio of -48.75 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. Sell-side analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the business’s 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 owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. This represents a 15.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 161,698 shares of company stock valued at $7,904,806. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EQH shares. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. BMO Capital Markets started coverage on shares of Equitable in a research report on Thursday. They set an “outperform” rating and a $70.00 price target on the stock. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.67.

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.