Andra AP fonden Sells 93,100 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Andra AP fonden lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 36.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,600 shares of the company's stock after selling 93,100 shares during the quarter. Andra AP fonden owned approximately 0.05% of Equitable worth $7,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in Equitable by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company's stock worth $315,000 after acquiring an additional 1,170 shares during the period. Summit Global Investments bought a new position in Equitable in the 3rd quarter worth $720,000. Covestor Ltd raised 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 purchasing an additional 246 shares during the period. Los Angeles Capital Management LLC lifted its position in Equitable by 57.7% during the third quarter. Los Angeles Capital Management LLC now owns 207,446 shares of the company's stock valued at $8,719,000 after purchasing an additional 75,882 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Equitable during the third quarter valued at about $243,000. Institutional investors own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock worth $6,534,234 over the last ninety days. Company insiders own 1.10% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms have recently weighed in on EQH. Wells Fargo & Company lifted 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. BMO Capital Markets upped their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Morgan Stanley upped their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Truist Financial raised their price target on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.75.

Equitable Price Performance

Shares of NYSE EQH traded up $0.88 during midday trading on Wednesday, reaching $51.40. 2,720,648 shares of the stock traded hands, compared to its average volume of 2,417,865. The company's 50 day moving average is $52.24 and its 200 day moving average is $47.44. Equitable Holdings, Inc. has a one year low of $33.91 and a one year high of $56.00. The stock has a market capitalization of $15.82 billion, a PE ratio of 13.46 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

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.