Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Equitable Holdings, Inc. (NYSE:EQH) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,936 shares of the company’s stock after acquiring an additional 448 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Equitable were worth $846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Versant Capital Management Inc increased its holdings in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after buying an additional 352 shares during the last quarter. Covestor Ltd increased its holdings in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of Equitable during the 3rd quarter worth about $48,000. UMB Bank n.a. lifted its stake in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $54.00 to $58.00 in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and an average price target of $53.67.

Equitable Price Performance

Equitable stock opened at $52.23 on Friday. The business has a 50 day simple moving average of $49.40 and a 200-day simple moving average of $45.31. Equitable Holdings, Inc. has a 12 month low of $32.72 and a 12 month high of $54.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $16.36 billion, a PE ratio of -47.91 and a beta of 1.39.

Equitable (NYSE:EQH) last released 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 positive return on equity of 76.47% and a negative net margin of 2.64%. Equities analysts predict that Equitable Holdings, Inc. will post 6 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total transaction of $364,296.90. Following the transaction, the chief operating officer now owns 92,209 shares in the company, valued at $5,039,221.85. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,032 shares of company stock worth $7,587,971. Company insiders own 1.10% of the company’s stock.

Equitable 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.