Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by US Bancorp DE

US Bancorp DE grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,595 shares of the company’s stock after purchasing an additional 303 shares during the quarter. US Bancorp DE’s holdings in Equitable were worth $405,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Covestor Ltd boosted its stake in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after acquiring an additional 1,265 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after acquiring an additional 817 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after acquiring an additional 404 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the transaction, the chief executive officer now directly owns 639,939 shares of the company’s stock, valued at approximately $30,275,514.09. This represents a 4.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

EQH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. BMO Capital Markets raised their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company raised their target price on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Equitable Stock Performance

Shares of Equitable stock opened at $51.40 on Thursday. The firm has a fifty day moving average of $52.24 and a two-hundred day moving average of $47.44. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 13.46 and a beta of 1.39. Equitable Holdings, Inc. has a 52 week low of $34.67 and a 52 week high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

About Equitable

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.