Swiss National Bank Sells 60,500 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Swiss National Bank lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,086,200 shares of the company’s stock after selling 60,500 shares during the quarter. Swiss National Bank’s holdings in Equitable were worth $36,170,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC increased its holdings in Equitable by 10.0% in 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. The Manufacturers Life Insurance Company raised its holdings in shares of Equitable by 4,172.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 593,017 shares of the company’s stock worth $16,836,000 after buying an additional 579,137 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Equitable by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 37,565,700 shares of the company’s stock worth $1,066,490,000 after buying an additional 402,720 shares during the period. Retirement Systems of Alabama acquired a new stake in shares of Equitable in the 4th quarter valued at $13,270,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Equitable by 50.2% in the 3rd quarter. Lazard Asset Management LLC now owns 940,392 shares of the company’s stock worth $26,696,000 after purchasing an additional 314,468 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insiders Place Their Bets

In related news, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now directly owns 88,660 shares in the company, valued at $3,374,399.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total value of $5,803,122.38. Following the transaction, the insider now directly owns 88,660 shares in the company, valued at $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles G.T. Stonehill sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total transaction of $170,100.00. Following the sale, the director now owns 29,758 shares of the company’s stock, valued at approximately $1,012,367.16. The disclosure for this sale can be found here. Insiders have sold 314,380 shares of company stock valued at $11,518,571 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on EQH. Jefferies Financial Group boosted their price target on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley lifted their price objective on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Wells Fargo & Company lifted their price target on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI raised their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, UBS Group boosted their price objective on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.30.

Equitable Stock Up 0.7 %

Equitable stock opened at $39.43 on Wednesday. Equitable Holdings, Inc. has a twelve month low of $22.16 and a twelve month high of $39.81. The company has a 50 day moving average of $36.45 and a 200-day moving average of $33.20. The stock has a market capitalization of $12.82 billion, a PE ratio of 12.21 and a beta of 1.40.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were paid a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. Equitable’s dividend payout ratio is 27.24%.

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.