Swiss National Bank Sells 70,200 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Swiss National Bank lowered its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 895,200 shares of the company's stock after selling 70,200 shares during the quarter. Swiss National Bank owned approximately 0.29% of Equitable worth $42,227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQH. Wealthfront Advisers LLC purchased a new position in shares of Equitable during the 4th quarter worth $566,000. Daiwa Securities Group Inc. increased its holdings in shares of Equitable by 66.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 50,975 shares of the company's stock worth $2,404,000 after buying an additional 20,382 shares during the last quarter. Amundi increased its holdings in shares of Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock worth $130,351,000 after buying an additional 957,828 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Equitable by 1.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 58,365 shares of the company's stock worth $2,753,000 after buying an additional 663 shares during the last quarter. Finally, Candriam S.C.A. increased its holdings in shares of Equitable by 66.1% during the 4th quarter. Candriam S.C.A. now owns 44,283 shares of the company's stock worth $2,089,000 after buying an additional 17,617 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

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Equitable Price Performance

NYSE EQH traded down $0.47 on Thursday, reaching $52.29. The company's stock had a trading volume of 2,866,108 shares, compared to its average volume of 2,405,527. The firm has a market cap of $16.09 billion, a PE ratio of 13.69 and a beta of 1.39. The business has a 50-day moving average price of $52.60 and a 200 day moving average price of $47.79. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00. 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 (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.84%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Morgan Stanley upped their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets increased 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. Truist Financial increased their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.75.

Insiders Place Their Bets

In related news, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,032 shares of company stock worth $5,443,966. Company insiders own 1.10% of the company's stock.

About Equitable

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.