Swedbank AB Sells 5,622 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Swedbank AB trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 704,520 shares of the company’s stock after selling 5,622 shares during the quarter. Swedbank AB owned 0.22% of Equitable worth $33,232,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares during the period. Covestor Ltd raised its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Equitable in the third quarter valued at about $48,000. UMB Bank n.a. grew its position in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after acquiring an additional 718 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the completion of the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares of the company’s stock, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 161,698 shares of company stock worth $7,904,806 over the last three months. 1.10% of the stock is owned by insiders.

Equitable Stock Performance

NYSE EQH opened at $54.26 on Friday. The company’s 50 day simple moving average is $48.88 and its two-hundred day simple moving average is $44.92. The stock has a market capitalization of $17.00 billion, a PE ratio of -49.78 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $54.82.

Equitable (NYSE:EQH) last posted its quarterly earnings data 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 positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company earned $1.15 earnings per share. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. Analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Wall Street Analysts Forecast Growth

EQH has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $54.00 to $58.00 in a research note on Monday, December 9th. BMO Capital Markets began coverage on Equitable in a research note on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Barclays upped their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Equitable 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.