WINTON GROUP Ltd reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 59.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,730 shares of the company’s stock after selling 26,450 shares during the period. WINTON GROUP Ltd’s holdings in Equitable were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. AMG National Trust Bank lifted its holdings in Equitable by 1.7% during the 1st quarter. AMG National Trust Bank now owns 33,891 shares of the company’s stock worth $1,106,000 after purchasing an additional 579 shares during the last quarter. The PNC Financial Services Group Inc. raised its holdings in Equitable by 7.8% in the 1st quarter. The PNC Financial Services Group Inc. now owns 8,680 shares of the company’s stock valued at $283,000 after acquiring an additional 628 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Equitable by 6.1% in the 2nd quarter. Raymond James Trust N.A. now owns 11,318 shares of the company’s stock valued at $345,000 after acquiring an additional 647 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Equitable by 12.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 7,842 shares of the company’s stock valued at $239,000 after acquiring an additional 865 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its holdings in Equitable by 18.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock valued at $116,000 after acquiring an additional 898 shares in the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.
In other Equitable news, Director Bertram L. Scott sold 3,400 shares of the company’s stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $28.95, for a total value of $98,430.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.15% of the company’s stock.
Equitable (NYSE:EQH) last released its quarterly earnings results on Wednesday, August 4th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the firm posted $0.98 EPS. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 5.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, August 13th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.56%. Equitable’s dividend payout ratio (DPR) is presently 14.43%.
Several equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Equitable from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, August 5th. Zacks Investment Research upgraded Equitable from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, August 4th. lifted their price target on Equitable from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, June 21st. Finally, Credit Suisse Group lifted their price target on Equitable from $42.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, June 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $39.73.
Equitable Company Profile
Equitable Holdings, Inc is a financial services company in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Its mission is to help clients secure their financial well-being. The company was founded by Henry B.
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