Allianz Asset Management GmbH lessened its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 524,934 shares of the company's stock after selling 118,699 shares during the quarter. Allianz Asset Management GmbH owned about 0.17% of Equitable worth $27,344,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in Equitable in the 1st quarter valued at $26,000. Bessemer Group Inc. grew its stake in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the period. Mizuho Bank Ltd. grew its stake in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the period. McIlrath & Eck LLC lifted its holdings in Equitable by 154.3% in the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after purchasing an additional 841 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Equitable in the 1st quarter valued at $80,000. Institutional investors and hedge funds own 92.70% of the company's stock.
Equitable Trading Down 1.7%
NYSE EQH traded down $0.92 during trading on Thursday, hitting $52.07. The stock had a trading volume of 1,573,513 shares, compared to its average volume of 2,333,686. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.61. The company has a market capitalization of $15.71 billion, a PE ratio of 14.15 and a beta of 1.15. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average price of $53.53 and a 200 day moving average price of $52.05.
Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a return on equity of 79.05% and a net margin of 8.50%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business's quarterly revenue was up 105.2% compared to the same quarter last year. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.
Equitable Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $0.27 per share. This is a boost from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. This represents a $1.08 annualized dividend and a yield of 2.07%. Equitable's payout ratio is presently 29.35%.
Insiders Place Their Bets
In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $352,698.06. Following the completion of the sale, the chief operating officer owned 94,980 shares in the company, valued at approximately $5,025,391.80. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $264,550.00. Following the completion of the sale, the insider owned 139,073 shares of the company's stock, valued at approximately $7,358,352.43. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,666 shares of company stock worth $7,145,208 in the last three months. 1.10% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Wells Fargo & Company restated an "overweight" rating and issued a $66.00 price objective (up previously from $61.00) on shares of Equitable in a report on Thursday, July 10th. UBS Group reduced their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley reiterated an "overweight" rating and set a $68.00 price target (up previously from $67.00) on shares of Equitable in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price target on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Evercore ISI reduced their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.30.
Check Out Our Latest Stock Report on Equitable
Equitable Profile
(
Free Report)
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.
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