Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Swedbank AB

Swedbank AB lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710,142 shares of the company’s stock after selling 1,362 shares during the quarter. Swedbank AB owned approximately 0.22% of Equitable worth $29,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EQH. Creative Planning increased its position in shares of Equitable by 3.6% in the third quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after buying an additional 476 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Equitable by 3.8% during the third quarter. Wedge Capital Management L L P NC now owns 73,429 shares of the company’s stock worth $3,086,000 after acquiring an additional 2,669 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Equitable by 24.8% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 212,997 shares of the company’s stock worth $8,952,000 after purchasing an additional 42,329 shares in the last quarter. Fiduciary Financial Group LLC raised its stake in Equitable by 6.7% during the third quarter. Fiduciary Financial Group LLC now owns 9,637 shares of the company’s stock worth $413,000 after acquiring an additional 605 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Equitable by 30.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 64,300 shares of the company’s stock valued at $2,703,000 after buying an additional 14,900 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Citigroup boosted their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial increased their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley lowered their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Price Performance

NYSE:EQH opened at $44.57 on Thursday. The stock’s 50-day simple moving average is $41.34 and its 200 day simple moving average is $40.38. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $44.76. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $14.50 billion, a P/E ratio of 13.80 and a beta of 1.41.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. Equitable’s revenue was up 47.7% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief executive officer now owns 658,555 shares of the company’s stock, valued at approximately $29,239,842. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock valued at $3,969,870 in the last ninety days. 1.10% of the stock is currently 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.