Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,822 shares of the company’s stock after selling 831 shares during the quarter. Tredje AP fonden’s holdings in Equitable were worth $2,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQH. New Covenant Trust Company N.A. acquired a new position in Equitable during the 1st quarter valued at approximately $28,000. LRI Investments LLC acquired a new position in shares of Equitable in the 1st quarter valued at $45,000. Rise Advisors LLC raised its stake in Equitable by 1,421.4% in the 1st quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after acquiring an additional 1,592 shares during the last quarter. GAMMA Investing LLC lifted its position in Equitable by 26.4% during the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after acquiring an additional 405 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Equitable by 261.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after purchasing an additional 1,641 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the transaction, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at approximately $4,806,775.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total transaction of $429,564.21. Following the completion of the transaction, the chief operating officer now directly owns 111,552 shares in the company, valued at $4,806,775.68. The disclosure for this sale can be found here. Insiders have sold 69,969 shares of company stock valued at $2,918,964 over the last ninety days. Insiders own 1.10% of the company’s stock.

Equitable Trading Up 2.7 %

EQH stock opened at $42.47 on Friday. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $44.50. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm has a market cap of $13.81 billion, a P/E ratio of 13.15 and a beta of 1.42. The company’s 50-day simple moving average is $40.89 and its 200-day simple moving average is $39.39.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the company earned $1.17 earnings per share. Equitable’s quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a yield of 2.26%. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EQH shares. UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $43.00 in a report on Tuesday, June 18th. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Jefferies Financial Group raised their target price on shares of Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley cut their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.64.

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.