Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,771 shares of the company’s stock after purchasing an additional 3,673 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Equitable were worth $3,137,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of Equitable by 1,161.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after buying an additional 7,227,568 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after purchasing an additional 3,155,487 shares during the period. Northern Trust Corp lifted its holdings in shares of Equitable by 24.6% in the 4th quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock worth $131,815,000 after purchasing an additional 781,426 shares during the last quarter. Principal Financial Group Inc. boosted its position in Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares during the period. Finally, Swedbank AB bought a new position in Equitable during the 1st quarter worth $27,237,000. Institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EQH shares. Morgan Stanley reduced their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Jefferies Financial Group upped their target price on shares of Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Keefe, Bruyette & Woods boosted their price objective on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Barclays started coverage on Equitable in a research report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $46.64.

Equitable Stock Down 0.8 %

Equitable stock opened at $42.11 on Monday. The firm’s 50 day moving average price is $40.90 and its two-hundred day moving average price is $39.56. The firm has a market cap of $13.70 billion, a PE ratio of 13.04 and a beta of 1.42. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.50. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, research analysts predict that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is 29.72%.

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 Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 9,969 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the sale, the chief operating officer now owns 111,552 shares in the company, valued at $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.