Equitable Holdings, Inc. (NYSE:EQH) Stock Position Decreased by Stephens Inc. AR

Stephens Inc. AR cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,734 shares of the company’s stock after selling 2,286 shares during the period. Stephens Inc. AR’s holdings in Equitable were worth $3,242,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EQH. Versant Capital Management Inc grew its position in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Covestor Ltd boosted its position in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of Equitable during the third quarter valued at $48,000. UMB Bank n.a. raised its position in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after buying an additional 718 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after acquiring an additional 1,265 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on EQH. BMO Capital Markets initiated coverage on Equitable in a research note on Thursday, January 23rd. They set an “outperform” rating and a $70.00 target price on the stock. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Equitable Price Performance

Shares of NYSE:EQH opened at $53.72 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The stock has a market capitalization of $16.83 billion, a P/E ratio of 14.06 and a beta of 1.39. The business has a 50-day moving average of $49.64 and a two-hundred day moving average of $45.51. Equitable Holdings, Inc. has a fifty-two week low of $32.72 and a fifty-two week high of $54.82.

Equitable (NYSE:EQH) last posted its earnings results 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, equities research analysts predict that Equitable Holdings, Inc. will post 7.24 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Equitable’s payout ratio is presently 25.13%.

Insider Buying and Selling

In other Equitable news, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares of the company’s stock, valued at $6,492,273.36. The trade was a 15.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,032 shares of company stock worth $7,587,971 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Equitable Company 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.