Equitable Holdings, Inc. (NYSE:EQH) Stock Position Trimmed by Stifel Financial Corp

Stifel Financial Corp decreased its position in Equitable Holdings, Inc. (NYSE:EQH) by 55.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,532 shares of the company’s stock after selling 28,135 shares during the period. Stifel Financial Corp’s holdings in Equitable were worth $947,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after buying an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Equitable in the second quarter valued at approximately $110,176,000. Samlyn Capital LLC acquired a new position in shares of Equitable during the second quarter valued at approximately $63,334,000. Principal Financial Group Inc. raised its holdings in Equitable by 57.8% during the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Equitable by 1,095.9% in the second quarter. Federated Hermes Inc. now owns 600,662 shares of the company’s stock worth $24,543,000 after purchasing an additional 550,436 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 1.0 %

NYSE EQH opened at $47.00 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 1-year low of $31.76 and a 1-year high of $50.51. The firm’s fifty day simple moving average is $46.77 and its 200-day simple moving average is $43.13. The company has a market capitalization of $14.73 billion, a PE ratio of -43.12 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.04%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is -88.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EQH. Wells Fargo & Company lifted their price target on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays lifted their target price on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and upped their price target for the company from $54.00 to $58.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus target price of $50.10.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the sale, the chief executive officer now directly owns 658,555 shares in the company, valued at approximately $29,239,842. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,032 shares of company stock valued at $6,031,759 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About Equitable

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.