Pitcairn Co. Has $305,000 Stake in Equitable Holdings, Inc. (NYSE:EQH)

Pitcairn Co. lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,459 shares of the company’s stock after selling 505 shares during the period. Pitcairn Co.’s holdings in Equitable were worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Equitable during the 4th quarter valued at $668,250,000. Wellington Management Group LLP raised its holdings in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB raised its holdings in Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after buying an additional 1,261,466 shares during the last quarter. Finally, Amundi boosted its stake 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 acquiring an additional 957,828 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the sale, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Truist Financial boosted their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company upped their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.75.

Equitable Stock Down 10.4 %

NYSE EQH opened at $45.00 on Monday. Equitable Holdings, Inc. has a twelve month low of $35.49 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market cap of $13.81 billion, a PE ratio of 11.78 and a beta of 1.23. The firm has a 50-day simple moving average of $52.83 and a 200 day simple moving average of $48.84.

Equitable (NYSE:EQH) last announced 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%. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is 25.13%.

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.