Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,389 shares of the company’s stock after selling 8,476 shares during the period. Equitable makes up about 2.5% of Jessup Wealth Management Inc’s portfolio, making the stock its 16th biggest position. Jessup Wealth Management Inc’s holdings in Equitable were worth $5,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of EQH. Versant Capital Management Inc increased its position in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the period. Covestor Ltd grew its stake in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equitable by 298.3% in 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 during the period. Principal Securities Inc. raised its stake in shares of Equitable by 82.7% in the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after purchasing an additional 817 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Equitable by 26.1% during the fourth quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 0.4 %

Shares of NYSE:EQH opened at $55.77 on Thursday. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 14.60 and a beta of 1.39. The business’s 50 day moving average price is $50.69 and its 200-day moving average price is $46.10. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00.

Equitable (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.72%. Equitable’s payout ratio is currently 25.13%.

Insider Activity

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock worth $6,534,234 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent research reports. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on 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 Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.58.

Equitable Company 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.