Jones Financial Companies Lllp Boosts Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Jones Financial Companies Lllp boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,768 shares of the company’s stock after acquiring an additional 266 shares during the quarter. Jones Financial Companies Lllp’s holdings in Equitable were worth $131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Equitable during the 3rd quarter valued at $243,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Equitable by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company’s stock valued at $29,919,000 after buying an additional 7,720 shares during the period. Victory Capital Management Inc. raised its holdings in Equitable by 24.2% during the 3rd quarter. Victory Capital Management Inc. now owns 266,677 shares of the company’s stock valued at $11,208,000 after buying an additional 51,990 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Equitable by 5.2% in the third quarter. CIBC Asset Management Inc now owns 11,765 shares of the company’s stock worth $494,000 after purchasing an additional 584 shares during the period. 92.70% of the stock is owned by institutional investors.

Equitable Stock Performance

Shares of Equitable stock opened at $51.28 on Friday. Equitable Holdings, Inc. has a 52 week low of $35.18 and a 52 week high of $56.00. The business’s fifty day simple moving average is $52.42 and its 200-day simple moving average is $47.58. The firm has a market cap of $15.79 billion, a PE ratio of 13.42 and a beta of 1.39. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. Equities analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.87%. Equitable’s dividend payout ratio (DPR) is 25.13%.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $315,368.46. Following the transaction, the chief operating officer now owns 98,875 shares in the company, valued at $4,677,776.25. This trade represents a 6.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,698 shares of company stock valued at $6,534,234. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on EQH shares. BMO Capital Markets raised their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their price objective on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.75.

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.