Ellevest Inc. Sells 377 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Ellevest Inc. trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,594 shares of the company’s stock after selling 377 shares during the period. Ellevest Inc.’s holdings in Equitable were worth $453,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Equitable by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company’s stock worth $1,003,705,000 after purchasing an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Equitable by 0.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company’s stock worth $897,752,000 after acquiring an additional 79,999 shares during the last quarter. Norges Bank acquired a new position in Equitable in the 4th quarter valued at approximately $668,250,000. Wellington Management Group LLP raised its stake in shares of Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Equitable by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,089,046 shares of the company’s stock worth $381,560,000 after purchasing an additional 355,078 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. Evercore ISI lowered their target price on Equitable from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their target price on shares of Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Morgan Stanley lowered their price target on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and an average target price of $61.08.

Insider Buying and Selling at Equitable

In related news, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares of the company’s stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at approximately $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. Corporate insiders own 1.10% of the company’s stock.

Equitable Price Performance

Shares of NYSE EQH opened at $51.36 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm’s 50-day moving average price is $49.85 and its 200-day moving average price is $49.67. The firm has a market capitalization of $15.61 billion, a P/E ratio of 13.45 and a beta of 1.15. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly 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 85.70% and a net margin of 10.51%. The firm’s revenue was up 105.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.87%. Equitable’s payout ratio is 26.09%.

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.