Equitable Holdings, Inc. (NYSE:EQH) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,035,946 shares of the company's stock after purchasing an additional 6,511 shares during the period. Bank of New York Mellon Corp owned 0.99% of Equitable worth $158,142,000 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 EQH. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Equitable by 0.3% in the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock valued at $4,613,000 after purchasing an additional 260 shares during the last quarter. Jones Financial Companies Lllp lifted its position 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 during the last quarter. Colonial Trust Co SC lifted its position 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 during the last quarter. Finally, Fifth Third Bancorp lifted its position in Equitable by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock worth $268,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Activity

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the sale, the chief executive officer directly owned 724,367 shares of the company's stock, valued at approximately $38,521,837.06. This represents a 3.98% 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 link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $352,698.06. Following the sale, the chief operating officer directly owned 94,980 shares in the company, valued at $5,025,391.80. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,332 shares of company stock valued at $5,993,760 over the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Performance

NYSE EQH opened at $54.62 on Tuesday. The stock has a market cap of $16.60 billion, a P/E ratio of 14.84 and a beta of 1.15. The company's 50-day simple moving average is $53.17 and its 200 day simple moving average is $51.66. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.61. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business 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 business's revenue was up 105.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.98%. This is a boost from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. Equitable's dividend payout ratio is currently 29.35%.

Analysts Set New Price Targets

EQH has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley boosted their target price on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company boosted their target price on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average 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.

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