abrdn plc Has $1.29 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

abrdn plc trimmed its position in Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 48.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,775 shares of the company’s stock after selling 37,574 shares during the quarter. abrdn plc’s holdings in Equitable were worth $1,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aviva PLC grew its holdings in shares of Equitable by 1.5% during the 4th quarter. Aviva PLC now owns 114,648 shares of the company’s stock worth $3,759,000 after purchasing an additional 1,741 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Equitable by 16.9% during the 1st quarter. IFM Investors Pty Ltd now owns 76,752 shares of the company’s stock worth $2,372,000 after purchasing an additional 11,077 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Equitable by 2.3% during the 4th quarter. Qube Research & Technologies Ltd now owns 102,157 shares of the company’s stock worth $3,350,000 after purchasing an additional 2,281 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Equitable during the 4th quarter worth $426,000. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Equitable by 6.2% during the 1st quarter. Chartwell Investment Partners LLC now owns 60,432 shares of the company’s stock worth $1,868,000 after purchasing an additional 3,536 shares in the last quarter.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $30.04, for a total value of $901,200.00. Following the completion of the transaction, the chief executive officer now directly owns 482,212 shares in the company, valued at $14,485,648.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Jeffrey J. Hurd sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief operating officer now directly owns 95,904 shares in the company, valued at $2,877,120. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.04, for a total value of $901,200.00. Following the transaction, the chief executive officer now owns 482,212 shares of the company’s stock, valued at $14,485,648.48. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Equitable Price Performance

Shares of EQH opened at $28.13 on Tuesday. The firm has a market cap of $10.72 billion, a PE ratio of 7.38 and a beta of 1.47. The stock’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $29.99. Equitable Holdings, Inc. has a 1 year low of $24.61 and a 1 year high of $37.13.

Equitable (NYSE:EQHGet Rating) last issued its earnings results on Monday, May 9th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 5th. Equitable’s payout ratio is presently 21.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQH. Evercore ISI lowered their price objective on Equitable from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, July 6th. Citigroup started coverage on Equitable in a research note on Monday, May 23rd. They issued a “buy” rating and a $41.00 price objective for the company. TheStreet raised Equitable from a “c+” rating to a “b” rating in a research note on Monday, May 9th. Truist Financial reduced their price objective on Equitable from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Finally, Morgan Stanley reduced their price objective on Equitable from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $41.11.

About Equitable

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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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