Equitable Holdings, Inc. (NYSE:EQH) Stake Lessened by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,028 shares of the company’s stock after selling 4,164 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Equitable were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. &PARTNERS grew its stake in Equitable by 0.7% during the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after acquiring an additional 254 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of Equitable by 4.8% during the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock worth $233,000 after purchasing an additional 280 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Equitable by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock valued at $2,949,000 after purchasing an additional 329 shares in the last quarter. TCW Group Inc. increased its stake in Equitable by 0.5% in the 4th quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock valued at $2,397,000 after buying an additional 371 shares during the period. Finally, GAMMA Investing LLC lifted its position in Equitable by 26.4% in the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after buying an additional 405 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Trading Down 0.8 %

Shares of EQH stock opened at $42.11 on Friday. The business’s 50 day moving average is $40.90 and its two-hundred day moving average is $39.52. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $44.50. The company has a market cap of $13.70 billion, a PE ratio of 13.04 and a beta of 1.42.

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

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. Equitable’s dividend payout ratio is presently 29.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, June 18th. Keefe, Bruyette & Woods upped their target price on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Wells Fargo & Company reduced their price target on Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Barclays began coverage on Equitable in a report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total value of $429,564.21. Following the transaction, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at approximately $4,806,775.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the completion of the sale, the chief operating officer now owns 111,552 shares of the company’s stock, valued at approximately $4,806,775.68. The disclosure for this sale can be found here. Insiders sold a total of 73,469 shares of company stock worth $3,067,434 in the last 90 days. 1.10% of the stock is owned by company insiders.

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.