Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Equitable Holdings, Inc. (NYSE:EQH) by 50.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,243 shares of the company’s stock after selling 17,387 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Equitable were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. TCW Group Inc. increased its holdings in shares of Equitable by 10.9% in the fourth quarter. TCW Group Inc. now owns 146,940 shares of the company’s stock valued at $6,931,000 after buying an additional 14,480 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Equitable by 3.7% in the fourth quarter. Allianz Asset Management GmbH now owns 643,633 shares of the company’s stock valued at $30,360,000 after buying an additional 23,134 shares in the last quarter. Ieq Capital LLC acquired a new stake in Equitable during the 4th quarter valued at $1,420,000. Truist Financial Corp raised its stake in Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after purchasing an additional 257 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Equitable by 13.0% during the 4th quarter. CIBC Asset Management Inc now owns 13,299 shares of the company’s stock valued at $627,000 after purchasing an additional 1,534 shares during the period. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.0 %

Shares of NYSE:EQH opened at $54.10 on Friday. The stock has a market capitalization of $16.95 billion, a PE ratio of 14.16 and a beta of 1.39. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00. The firm has a fifty day moving average price of $51.54 and a 200 day moving average price of $46.69. 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) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. Analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, March 5th. Equitable’s dividend payout ratio is presently 25.13%.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction dated 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 owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,698 shares of company stock worth $6,534,234. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

EQH has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and boosted their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.83.

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.