Equitable Holdings, Inc. (NYSE:EQH) Position Lessened by Pitcairn Co.

Pitcairn Co. reduced its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,459 shares of the company’s stock after selling 505 shares during the quarter. Pitcairn Co.’s holdings in Equitable were worth $305,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. grew its position in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew its position in Equitable by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after purchasing an additional 209 shares during the last quarter. Truist Financial Corp increased its stake in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after purchasing an additional 257 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after buying an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock worth $631,000 after buying an additional 283 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EQH. Wells Fargo & Company lifted their target price on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. BMO Capital Markets upped their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Truist Financial raised their target price on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price target on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and an average target price of $60.75.

Equitable Trading Down 10.4 %

Equitable stock opened at $45.00 on Monday. Equitable Holdings, Inc. has a 1 year low of $35.49 and a 1 year high of $56.00. The firm’s 50 day moving average price is $52.83 and its two-hundred day moving average price is $48.84. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 11.78 and a beta of 1.23. 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 (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock valued at $5,364,610 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About Equitable

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.