Tredje AP fonden Decreases Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Tredje AP fonden reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,411 shares of the company’s stock after selling 26,411 shares during the quarter. Tredje AP fonden’s holdings in Equitable were worth $1,246,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew 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 valued at $25,000 after acquiring an additional 352 shares during the period. Covestor Ltd grew its stake in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the period. Assetmark Inc. grew its stake in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 valued at $80,000 after acquiring an additional 1,265 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after acquiring an additional 409 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on EQH shares. Morgan Stanley boosted their price target on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial increased their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company increased their price target on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets upped their price objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Barclays increased their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.75.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by insiders.

Equitable Trading Up 3.5 %

Equitable stock opened at $51.28 on Friday. The stock has a 50-day moving average of $52.36 and a two-hundred day moving average of $47.48. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a one year low of $35.00 and a one year high of $56.00. The stock has a market cap of $15.79 billion, a PE ratio of 13.42 and a beta of 1.39.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.