Sanctuary Advisors LLC Invests $444,000 in Equitable Holdings, Inc. (NYSE:EQH)

Sanctuary Advisors LLC acquired a new position in Equitable Holdings, Inc. (NYSE:EQH) during the second quarter, according to its most recent filing with the SEC. The firm acquired 10,861 shares of the company’s stock, valued at approximately $444,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Equitable by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after buying an additional 446,752 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Equitable by 60.9% during the first quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after purchasing an additional 38,040 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Equitable by 265.0% during the first quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after purchasing an additional 50,460 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Equitable during the fourth quarter valued at approximately $2,892,000. Finally, Friedenthal Financial bought a new stake in shares of Equitable during the second quarter valued at approximately $831,000. 92.70% of the stock is currently owned by institutional investors.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company’s 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 in the company, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is owned by insiders.

Equitable Stock Up 1.1 %

EQH stock opened at $44.57 on Thursday. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.76. The business has a fifty day moving average price of $41.34 and a 200-day moving average price of $40.38. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $14.50 billion, a P/E ratio of 13.80 and a beta of 1.41.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue was up 47.7% on a year-over-year basis. Equities analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQH. Truist Financial lifted their price target on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target 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 boosted 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. Keefe, Bruyette & Woods boosted their target price on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Citigroup boosted their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.70.

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.