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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQH. MV Capital Management Inc. acquired a new position in shares of Equitable in the 1st quarter worth approximately $26,000. Bessemer Group Inc. boosted its stake in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares during the last quarter. Assetmark Inc. boosted its stake in shares of 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 last quarter. Mizuho Bank Ltd. lifted its stake in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after purchasing an additional 430 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its position in Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of Equitable 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 $264,550.00. Following the completion of the sale, the insider directly owned 139,073 shares in the company, valued at approximately $7,358,352.43. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable 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 transaction, the chief operating officer directly owned 94,980 shares of the company's stock, valued at approximately $5,025,391.80. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,332 shares of company stock valued at $5,993,760 over the last 90 days. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EQH. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group dropped their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley upped 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. Finally, Wells Fargo & Company upped their target price on shares of Equitable from $61.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.09.

Equitable Price Performance

Shares of NYSE:EQH traded up $0.57 during midday trading on Thursday, reaching $53.75. 2,221,459 shares of the company were exchanged, compared to its average volume of 2,568,449. 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 business's fifty day moving average is $53.32 and its two-hundred day moving average is $51.69. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.61. The stock has a market cap of $16.33 billion, a PE ratio of 14.61 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) 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 return on equity of 79.05% and a net margin of 8.50%. Equitable's revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's dividend payout ratio (DPR) is currently 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.