Stifel Financial Corp Sells 28,135 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Stifel Financial Corp cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 55.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,532 shares of the company's stock after selling 28,135 shares during the period. Stifel Financial Corp's holdings in Equitable were worth $947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of Equitable by 61.5% during 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 purchased a new stake in Equitable in the third quarter worth $48,000. UMB Bank n.a. raised its holdings in Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after purchasing an additional 718 shares in the last quarter. Quarry LP lifted its position in Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company's stock valued at $97,000 after buying an additional 2,039 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Equitable during the 2nd quarter valued at $109,000. Institutional investors own 92.70% of the company's stock.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 658,555 shares of the company's stock, valued at $29,239,842. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,032 shares of company stock worth $6,031,759. Insiders own 1.10% of the company's stock.

Equitable Price Performance

NYSE EQH traded up $0.37 during trading hours on Tuesday, reaching $47.37. The company's stock had a trading volume of 757,032 shares, compared to its average volume of 2,509,521. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $50.51. The firm's 50-day moving average price is $46.83 and its 200-day moving average price is $43.18. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of -43.46 and a beta of 1.38.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the firm earned $1.15 EPS. The company's revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.03%. Equitable's dividend payout ratio is presently -88.07%.

Wall Street Analyst Weigh In

EQH has been the topic of several analyst reports. Barclays boosted their target price on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Equitable from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.10.

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.