Wilbanks Smith & Thomas Asset Management LLC Sells 33,613 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Wilbanks Smith & Thomas Asset Management LLC cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 54.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,010 shares of the company's stock after selling 33,613 shares during the period. Wilbanks Smith & Thomas Asset Management LLC's holdings in Equitable were worth $933,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new stake in shares of Equitable in the fourth quarter valued at approximately $80,000. Retirement Systems of Alabama acquired a new stake in shares of Equitable in the fourth quarter valued at approximately $13,270,000. Truist Financial Corp lifted its position in shares of Equitable by 9.5% in the fourth quarter. Truist Financial Corp now owns 7,888 shares of the company's stock valued at $263,000 after buying an additional 684 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Equitable by 14.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,569 shares of the company's stock valued at $419,000 after buying an additional 1,549 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Equitable in the fourth quarter valued at approximately $64,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EQH shares. Morgan Stanley raised their price objective on Equitable from $39.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Jefferies Financial Group increased their target price on Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Evercore ISI increased their target price on Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Finally, UBS Group increased their target price on Equitable from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.10.

Equitable Stock Up 0.8 %

Shares of EQH traded up $0.29 during midday trading on Friday, hitting $38.54. The company's stock had a trading volume of 2,627,156 shares, compared to its average volume of 2,647,254. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $39.11. The company's fifty day simple moving average is $36.18 and its two-hundred day simple moving average is $32.89. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 11.84 and a beta of 1.40.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The company's revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were paid a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. Equitable's payout ratio is 27.24%.

Insider Activity

In related news, insider Nick Lane sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the sale, the insider now owns 144,132 shares of the company's stock, valued at approximately $4,903,370.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Equitable news, Director Bertram L. Scott sold 7,000 shares of Equitable stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the transaction, the director now directly owns 20,902 shares of the company's stock, valued at approximately $737,631.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 20,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the transaction, the insider now directly owns 144,132 shares in the company, valued at $4,903,370.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 334,380 shares of company stock worth $12,198,971. Insiders own 1.10% of the company's stock.

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.