Equitable Holdings, Inc. (NYSE:EQH) Holdings Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 31.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,875 shares of the company’s stock after acquiring an additional 20,391 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Equitable were worth $3,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in Equitable during the 1st quarter valued at $28,000. LRI Investments LLC bought a new position in Equitable during the first quarter valued at about $45,000. Rise Advisors LLC grew its holdings in Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after acquiring an additional 1,592 shares during the period. GAMMA Investing LLC raised its position in Equitable by 26.4% in the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after acquiring an additional 405 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Equitable by 261.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after acquiring an additional 1,641 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQH. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group lifted their target price on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Barclays began coverage on Equitable in a report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average target price of $46.64.

Equitable Stock Down 0.0 %

Shares of Equitable stock opened at $41.36 on Thursday. Equitable Holdings, Inc. has a 1 year low of $24.65 and a 1 year high of $44.50. The company has a market cap of $13.45 billion, a P/E ratio of 12.80 and a beta of 1.42. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The stock has a 50-day moving average price of $40.90 and a 200 day moving average price of $39.38.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. As a group, analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the transaction, the chief operating officer now owns 111,552 shares in the company, valued at approximately $4,806,775.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,969 shares of company stock valued at $2,918,964. 1.10% of the stock is owned by insiders.

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.