Truist Financial Corp Has $451,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

Truist Financial Corp lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,554 shares of the company’s stock after purchasing an additional 257 shares during the quarter. Truist Financial Corp’s holdings in Equitable were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP raised its position in Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after buying an additional 161,376 shares during the last quarter. Principal Financial Group Inc. raised its position in Equitable by 20.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after buying an additional 437,322 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after buying an additional 54,380 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Equitable by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after buying an additional 68,900 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods lifted their target price on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. BMO Capital Markets lifted their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.17.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the completion of the sale, the chief operating officer now directly owns 98,875 shares in the company, valued at $4,677,776.25. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the sale, the insider now owns 141,629 shares of the company’s stock, valued at $6,492,273.36. This trade represents a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by company insiders.

Equitable Stock Performance

Shares of NYSE EQH opened at $54.21 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12 month low of $32.96 and a 12 month high of $56.00. The stock has a 50 day moving average of $51.71 and a 200-day moving average of $46.92. The company has a market capitalization of $16.69 billion, a P/E ratio of 14.19 and a beta of 1.39.

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 return on equity of 85.70% and a net margin of 10.51%. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. 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.