Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 55,015 shares of the company’s stock after selling 5,630 shares during the period. BTC Capital Management Inc.’s holdings in Equitable were worth $2,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after acquiring an additional 338,205 shares during the period. Wellington Management Group LLP increased its holdings in Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Equitable by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock worth $91,000,000 after purchasing an additional 68,900 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after buying an additional 148,180 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares in the company, valued at $30,275,514.09. The trade was a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,698 shares of company stock valued at $7,904,806. Company insiders own 1.10% of the company’s stock.

Equitable Price Performance

NYSE:EQH opened at $54.26 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a one year low of $31.76 and a one year high of $54.82. The stock has a 50-day simple moving average of $48.88 and a 200 day simple moving average of $44.92.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.77%. Equitable’s dividend payout ratio (DPR) is -88.07%.

Analyst Upgrades and Downgrades

EQH has been the topic of several analyst reports. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. BMO Capital Markets assumed coverage on shares of Equitable in a research note on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. 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 report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.