Diversified Trust Co Raises Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Diversified Trust Co increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 29.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,896 shares of the company’s stock after purchasing an additional 6,336 shares during the period. Diversified Trust Co’s holdings in Equitable were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the period. Covestor Ltd boosted its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the third quarter valued at approximately $48,000. UMB Bank n.a. raised its stake in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares during the period. Finally, Quarry LP lifted its position in shares of Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after purchasing an additional 2,039 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

Equitable Stock Performance

EQH stock opened at $49.05 on Thursday. The stock’s 50 day simple moving average is $47.36 and its 200 day simple moving average is $43.75. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $50.51. The firm has a market cap of $15.37 billion, a P/E ratio of -45.00 and a beta of 1.39. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.96%. Equitable’s dividend payout ratio (DPR) is -88.07%.

Insiders Place Their Bets

In related news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the sale, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,032 shares of company stock valued at $6,031,759 over the last quarter. 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.