Assenagon Asset Management S.A. Sells 61,847 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Assenagon Asset Management S.A. lowered its holdings in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 37.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,502 shares of the company’s stock after selling 61,847 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Equitable were worth $4,788,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the period. Covestor Ltd lifted its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. Carolina Wealth Advisors LLC acquired a new position in Equitable in the third quarter valued at about $48,000. UMB Bank n.a. increased its holdings in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after acquiring an additional 718 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Equitable by 623.5% in the second quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after acquiring an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EQH shares. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and increased their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Check Out Our Latest Research Report on EQH

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,698 shares of company stock valued at $7,904,806. Company insiders own 1.10% of the company’s stock.

Equitable Trading Up 0.3 %

Shares of EQH opened at $51.70 on Tuesday. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $52.04. The business’s fifty day moving average is $47.91 and its 200-day moving average is $44.29. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of -47.43 and a beta of 1.39.

Equitable (NYSE:EQHGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Equitable’s payout ratio is -88.07%.

Equitable Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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