First National Advisers LLC Has $2.76 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Key Points

• First National Advisers LLC reduced its stake in Equitable Holdings, Inc. by 18.6%, holding 52,993 shares worth approximately $2.76 million after selling 12,091 shares in the first quarter.
• Equitable announced a quarterly dividend of $0.27, translating to an annualized yield of 2.05% and a payout ratio of 29.35%.
• Equitable reported a quarterly EPS of $1.35, missing expectations, but saw a revenue increase of 105.2% year-over-year, totaling $4.58 billion.

First National Advisers LLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,993 shares of the company's stock after selling 12,091 shares during the period. First National Advisers LLC's holdings in Equitable were worth $2,761,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake 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 buying an additional 260 shares during the period. Colonial Trust Co SC increased its position in shares of Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after purchasing an additional 278 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Equitable by 6.2% in the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock worth $268,000 after purchasing an additional 299 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Equitable by 5.3% in the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company's stock worth $316,000 after purchasing an additional 319 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of Equitable by 8.4% in the 1st quarter. Wedmont Private Capital now owns 4,539 shares of the company's stock worth $236,000 after purchasing an additional 353 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the 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 $352,698.06. Following the completion of the sale, the chief operating officer owned 94,980 shares in the company, valued at $5,025,391.80. This represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the 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 owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. The trade was a 16.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,666 shares of company stock valued at $7,145,208 over the last quarter. Company insiders own 1.10% of the company's stock.

Equitable Stock Performance

Equitable stock traded up $1.15 during midday trading on Thursday, reaching $51.55. 970,706 shares of the stock traded hands, compared to its average volume of 2,744,411. The firm has a fifty day moving average price of $53.40 and a two-hundred day moving average price of $52.15. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 14.01 and a beta of 1.15. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.61. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.39.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly 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). Equitable had a return on equity of 79.05% and a net margin of 8.50%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $1.43 earnings per share. The company's revenue was up 105.2% on a year-over-year basis. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%. Equitable's payout ratio is currently 29.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EQH. UBS Group dropped 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. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $68.00 price objective (up previously from $67.00) on shares of Equitable in a research report on Monday, July 14th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $66.00 price objective (up previously from $61.00) on shares of Equitable in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.30.

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.