Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lessened its stake in Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,952 shares of the company’s stock after selling 4,571 shares during the period. Pictet Asset Management SA’s holdings in Equitable were worth $4,014,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EQH. Select Equity Group L.P. purchased a new stake in Equitable in the 1st quarter worth approximately $88,107,000. Goldman Sachs Group Inc. boosted its position in Equitable by 94.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,723,505 shares of the company’s stock worth $115,094,000 after purchasing an additional 1,811,795 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Equitable by 93.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,768,972 shares of the company’s stock valued at $72,187,000 after buying an additional 1,337,999 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Equitable by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock valued at $1,240,838,000 after buying an additional 854,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Equitable by 21.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,099,592 shares of the company’s stock valued at $126,745,000 after buying an additional 714,996 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Bertram L. Scott sold 7,300 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $29.87, for a total transaction of $218,051.00. Following the completion of the sale, the director now directly owns 21,429 shares of the company’s stock, valued at approximately $640,084.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Bertram L. Scott sold 7,300 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $29.87, for a total transaction of $218,051.00. Following the completion of the transaction, the director now directly owns 21,429 shares in the company, valued at approximately $640,084.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $30.05, for a total value of $901,500.00. Following the transaction, the chief executive officer now owns 435,307 shares of the company’s stock, valued at $13,080,975.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,300 shares of company stock valued at $2,925,851. 0.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQH. Citigroup increased their target price on Equitable from $37.00 to $38.00 in a research report on Wednesday, November 16th. Morgan Stanley increased their price objective on Equitable from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Barclays increased their price objective on Equitable from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. 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 Wednesday, October 19th. Finally, Wells Fargo & Company reduced their price objective on Equitable from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Equitable has a consensus rating of “Buy” and a consensus target price of $40.56.

Equitable Trading Up 0.9 %

Shares of NYSE:EQH opened at $30.65 on Monday. The business has a 50-day moving average price of $29.01 and a 200 day moving average price of $28.51. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 4.29 and a beta of 1.44. Equitable Holdings, Inc. has a 12-month low of $24.61 and a 12-month high of $37.13.

Equitable (NYSE:EQHGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.15. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.21 billion. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, November 25th. Equitable’s payout ratio is 11.19%.

Equitable Profile

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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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