Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 51.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,276 shares of the company's stock after buying an additional 14,380 shares during the quarter. Diversified Trust Co's holdings in Equitable were worth $2,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Equitable in the 4th quarter valued at about $29,939,000. APG Asset Management N.V. purchased a new position in Equitable in the 4th quarter valued at about $7,512,000. Merit Financial Group LLC purchased a new position in Equitable in the 1st quarter valued at about $338,000. Brandywine Global Investment Management LLC lifted its stake in Equitable by 13.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 513,391 shares of the company's stock valued at $24,217,000 after buying an additional 60,643 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Equitable in the 4th quarter valued at about $4,333,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley increased their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.67.

Equitable Trading Down 0.1%

Shares of NYSE EQH traded down $0.06 during midday trading on Friday, reaching $55.97. 5,196,677 shares of the stock were exchanged, compared to its average volume of 2,571,369. The company has a 50 day simple moving average of $52.33 and a 200 day simple moving average of $51.21. The stock has a market capitalization of $17.01 billion, a P/E ratio of 15.21 and a beta of 1.15. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.10 and a current ratio of 0.10. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.39.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (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 firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The firm's quarterly revenue was up 105.2% on a year-over-year basis. As a group, equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is 29.35%.

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the sale, the chief accounting officer now owns 19,827 shares in the company, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the completion of the sale, the chief executive officer now owns 743,206 shares of the company's stock, valued at $35,346,877.36. This trade represents a 3.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,332 shares of company stock worth $5,993,760. Insiders own 1.10% of the company's stock.

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.