Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Decreased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 7.5% during the first quarter, Holdings Channel reports. The fund owned 92,782 shares of the company’s stock after selling 7,572 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equitable were worth $3,527,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EQH. Lindbrook Capital LLC raised its position in Equitable by 143.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock valued at $33,000 after buying an additional 591 shares during the period. Blue Trust Inc. grew its stake in Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after acquiring an additional 704 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Equitable in the 4th quarter valued at about $50,000. UMB Bank n.a. lifted its position in shares of Equitable by 128.3% in the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Equitable in the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. UBS Group boosted their price target on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group boosted their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley upped their target price on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Insider Buying and Selling at Equitable

In other news, Director Bertram L. Scott sold 7,000 shares of Equitable stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the sale, the director now owns 20,902 shares of the company’s stock, valued at approximately $737,631.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nick Lane sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total value of $680,400.00. Following the sale, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bertram L. Scott sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the transaction, the director now owns 20,902 shares of the company’s stock, valued at approximately $737,631.58. The disclosure for this sale can be found here. Insiders sold a total of 241,907 shares of company stock valued at $8,338,649 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Equitable Trading Down 0.6 %

NYSE EQH traded down $0.24 during trading on Friday, hitting $36.89. 2,171,756 shares of the company traded hands, compared to its average volume of 2,223,219. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $38.44. The business has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $32.55. The company has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. Equities research analysts predict that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

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.