Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 506,031 shares of the company’s stock after selling 3,230 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of Equitable worth $16,869,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Teacher Retirement System of Texas raised its stake in Equitable by 1.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company’s stock worth $783,000 after acquiring an additional 418 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Equitable by 143.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after purchasing an additional 591 shares during the period. Truist Financial Corp grew its position in Equitable by 9.5% during the 4th quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock worth $263,000 after purchasing an additional 684 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Equitable by 0.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,097 shares of the company’s stock valued at $2,416,000 after purchasing an additional 700 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Equitable by 3.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 21,793 shares of the company’s stock valued at $726,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Up 0.8 %

EQH stock opened at $38.54 on Friday. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 11.93 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $21.89 and a 52-week high of $39.11. The stock’s fifty day simple moving average is $36.26 and its 200-day simple moving average is $32.97.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 27.24%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Evercore ISI raised their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Truist Financial boosted their target price on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley increased their price target on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.10.

Insider Transactions at Equitable

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the transaction, the insider now directly owns 88,660 shares of the company’s stock, valued at approximately $3,374,399.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Seth P. Bernstein sold 152,473 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now directly owns 88,660 shares in the company, valued at $3,374,399.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $361,276.56. Following the sale, the chief operating officer now directly owns 141,062 shares in the company, valued at $5,112,086.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 334,380 shares of company stock valued at $12,198,971. Corporate 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.