Equitable Holdings, Inc. (NYSE:EQH) Holdings Boosted by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 290.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,203 shares of the company's stock after buying an additional 15,031 shares during the period. Equitable comprises approximately 0.6% of Carolina Wealth Advisors LLC's holdings, making the stock its 25th biggest holding. Carolina Wealth Advisors LLC's holdings in Equitable were worth $1,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the period. Truist Financial Corp increased its stake in Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after buying an additional 257 shares during the period. QRG Capital Management Inc. grew its holdings in Equitable by 0.3% during the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock worth $4,613,000 after acquiring an additional 260 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Equitable by 10.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after acquiring an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Equitable by 7.0% during the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after acquiring an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

EQH traded down $0.06 during trading on Friday, reaching $55.97. 5,196,677 shares of the company were exchanged, compared to its average volume of 2,564,342. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.39. The stock has a market cap of $17.01 billion, a P/E ratio of 15.21 and a beta of 1.15. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average of $52.33 and a 200 day moving average of $51.24.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. The company's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's payout ratio is 29.35%.

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 Monday, June 16th. The shares were sold at an average price of $53.18, for a total value of $1,595,400.00. Following the sale, the chief executive officer now directly owns 724,367 shares in the company, valued at $38,521,837.06. The trade was a 3.98% 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 4,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer now owns 19,827 shares in the company, valued at $1,052,615.43. The trade was a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,332 shares of company stock worth $5,993,760. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EQH shares. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Morgan Stanley raised their price objective on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. UBS Group decreased their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company raised their price objective on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equitable presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.64.

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.