Schroder Investment Management Group Reduces Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Schroder Investment Management Group lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,398,664 shares of the company’s stock after selling 303,741 shares during the quarter. Schroder Investment Management Group owned about 0.41% of Equitable worth $39,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EQH. Vanguard Group Inc. increased its holdings in shares of Equitable by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock worth $1,240,838,000 after purchasing an additional 854,689 shares in the last quarter. BlackRock Inc. raised its stake in Equitable by 3.8% during the 1st quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock valued at $849,159,000 after buying an additional 1,223,193 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Equitable by 10.0% during the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock valued at $763,764,000 after buying an additional 2,450,484 shares during the period. Norges Bank bought a new stake in shares of Equitable in the fourth quarter worth $553,559,000. Finally, State Street Corp increased its position in shares of Equitable by 3.5% during the 1st quarter. State Street Corp now owns 9,933,563 shares of the company’s stock valued at $252,213,000 after purchasing an additional 336,694 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EQH shares. Keefe, Bruyette & Woods downgraded shares of Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, December 5th. JPMorgan Chase & Co. downgraded shares of Equitable from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. UBS Group raised their price objective on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group upgraded Equitable from a “hold” rating to a “buy” rating and increased their price target for the stock from $28.00 to $37.00 in a research note on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Get Our Latest Stock Report on EQH

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total value of $322,900.00. Following the transaction, the insider now directly owns 154,132 shares of the company’s stock, valued at approximately $4,976,922.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Nick Lane sold 10,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total transaction of $322,900.00. Following the transaction, the insider now owns 154,132 shares of the company’s stock, valued at approximately $4,976,922.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 7,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.59, for a total transaction of $242,130.00. Following the transaction, the chief accounting officer now owns 20,318 shares of the company’s stock, valued at $702,799.62. The disclosure for this sale can be found here. Insiders have sold a total of 246,814 shares of company stock valued at $8,207,471 in the last three months. Insiders own 1.02% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $33.58 on Friday. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 9.93 and a beta of 1.41. The business’s 50-day simple moving average is $33.36 and its 200 day simple moving average is $30.50. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $35.34.

Equitable (NYSE:EQHGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. On average, equities research analysts predict that Equitable Holdings, Inc. will post 6.08 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

About Equitable

(Free Report)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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