Ashton Thomas Private Wealth LLC Has $2.75 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Ashton Thomas Private Wealth LLC increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 58,365 shares of the company’s stock after acquiring an additional 663 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Equitable were worth $2,753,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in Equitable by 18.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company’s stock valued at $315,000 after acquiring an additional 1,170 shares in the last quarter. National Pension Service raised its holdings in Equitable by 23,851.6% in the 3rd quarter. National Pension Service now owns 396,399 shares of the company’s stock valued at $16,661,000 after acquiring an additional 394,744 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Equitable by 27.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 161,038 shares of the company’s stock valued at $6,768,000 after acquiring an additional 34,262 shares in the last quarter. Summit Global Investments acquired a new position in Equitable in the 3rd quarter valued at approximately $720,000. Finally, 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 valued at $27,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. 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 in the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Barclays upped their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Truist Financial increased their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.17.

Equitable Stock Up 1.1 %

NYSE EQH opened at $50.41 on Friday. The firm has a market cap of $15.52 billion, a PE ratio of 13.20 and a beta of 1.39. Equitable Holdings, Inc. has a one year low of $33.38 and a one year high of $56.00. The stock’s 50 day simple moving average is $52.07 and its 200 day simple moving average is $47.15. 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) last released its quarterly earnings results 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, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 1.90%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.