JPMorgan Chase & Co. Has $32.87 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

JPMorgan Chase & Co. reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 696,813 shares of the company's stock after selling 211,840 shares during the period. JPMorgan Chase & Co. owned about 0.22% of Equitable worth $32,869,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Equitable by 298.3% during the 4th 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 during the period. Smartleaf Asset Management LLC grew its position in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after purchasing an additional 409 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after buying an additional 817 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at $38,534,018.96. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total value of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares of the company's stock, valued at approximately $5,039,221.85. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley lowered their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday. Truist Financial increased their target price on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and upped their price target for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.91.

Equitable Trading Up 1.4 %

Shares of EQH traded up $0.64 during midday trading on Friday, hitting $46.44. The stock had a trading volume of 4,802,470 shares, compared to its average volume of 2,623,830. The business has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $48.94. The firm has a market cap of $14.25 billion, a P/E ratio of 12.16 and a beta of 1.23. 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 fifty-two week low of $35.49 and a fifty-two week high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last posted 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%. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.07%. Equitable's dividend payout ratio is 25.13%.

Equitable Company 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.