Raymond James & Associates Reduces Position in Equitable Holdings, Inc. (NYSE:EQH)

Raymond James & Associates decreased its position in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 6.6% during the third quarter, HoldingsChannel.com reports. The firm owned 146,508 shares of the company’s stock after selling 10,334 shares during the quarter. Raymond James & Associates’ holdings in Equitable were worth $4,159,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EQH. JPMorgan Chase & Co. boosted its stake in Equitable by 109.8% in the 1st quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company’s stock worth $7,021,000 after purchasing an additional 118,874 shares in the last quarter. Private Advisor Group LLC boosted its stake in Equitable by 35.1% in the 1st quarter. Private Advisor Group LLC now owns 9,261 shares of the company’s stock worth $287,000 after purchasing an additional 2,405 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Equitable in the 1st quarter worth about $216,000. Rhumbline Advisers raised its position in Equitable by 2.6% in the 1st quarter. Rhumbline Advisers now owns 309,504 shares of the company’s stock worth $9,567,000 after buying an additional 7,745 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Equitable by 6.2% in the 1st quarter. Yousif Capital Management LLC now owns 10,896 shares of the company’s stock worth $337,000 after buying an additional 640 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 1.8 %

Shares of NYSE:EQH opened at $33.04 on Friday. The stock has a 50 day moving average of $31.74 and a 200 day moving average of $29.21. The company has a market cap of $11.18 billion, a PE ratio of 9.95 and a beta of 1.42. Equitable Holdings, Inc. has a 12-month low of $21.89 and a 12-month high of $34.80.

Equitable (NYSE:EQHGet Free Report) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.17). The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. Equities research analysts predict that Equitable Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 27th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.66%. Equitable’s dividend payout ratio (DPR) is presently 26.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their target price on Equitable from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Barclays decreased their target price on Equitable from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Equitable in a research report on Wednesday, October 4th. They issued a “hold” rating and a $31.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Equitable from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. lowered shares of Equitable from an “overweight” rating to a “neutral” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Get Our Latest Stock Analysis on EQH

Insider Activity at Equitable

In other Equitable news, CAO William James Iv Eckert sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.59, for a total value of $242,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,318 shares in the company, valued at approximately $702,799.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Equitable news, CAO William James Iv Eckert sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.59, for a total value of $242,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,318 shares in the company, valued at approximately $702,799.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $33.30, for a total value of $333,000.00. Following the completion of the transaction, the insider now owns 159,132 shares of the company’s stock, valued at $5,299,095.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,845 shares of company stock worth $3,046,233. 1.02% of the stock is owned by company insiders.

About Equitable

(Free Report)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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