Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Lbp Am Sa

LBP AM SA decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 17.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,891 shares of the company's stock after selling 28,571 shares during the quarter. LBP AM SA's holdings in Equitable were worth $6,922,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EQH. US Bancorp DE grew its holdings in shares of Equitable by 3.7% during the fourth quarter. US Bancorp DE now owns 8,595 shares of the company's stock worth $405,000 after buying an additional 303 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after purchasing an additional 266 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Equitable by 267.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,206 shares of the company's stock valued at $151,000 after purchasing an additional 2,333 shares during the period. Assetmark Inc. grew its holdings in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Equitable in the fourth quarter valued at about $4,779,000. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQH. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday. Evercore ISI lowered their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Morgan Stanley increased their target price on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $61.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.09.

Insider Activity

In related news, insider Nick Lane sold 5,000 shares of the firm'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 sale, the insider owned 139,073 shares of the company's stock, valued at $7,358,352.43. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm'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 transaction of $352,698.06. Following the completion of the sale, the chief operating officer directly owned 94,980 shares in the company, valued at approximately $5,025,391.80. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,332 shares of company stock worth $5,993,760 in the last ninety days. 1.10% of the stock is owned by insiders.

Equitable Stock Down 1.5%

Shares of NYSE EQH traded down $0.80 during midday trading on Friday, hitting $52.96. The company's stock had a trading volume of 625,935 shares, compared to its average volume of 2,814,318. The business's fifty day simple moving average is $53.41 and its two-hundred day simple moving average is $51.74. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.61. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 14.39 and a beta of 1.15.

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

Equitable Increases Dividend

The company 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 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 2.04%. Equitable's dividend payout ratio (DPR) is 29.35%.

Equitable 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.