Stephens Inc. AR Reduces Position in Equitable Holdings, Inc. (NYSE:EQH)

Stephens Inc. AR lowered its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,734 shares of the company’s stock after selling 2,286 shares during the period. Stephens Inc. AR’s holdings in Equitable were worth $3,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares in the last quarter. Covestor Ltd grew its holdings in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Equitable during the 3rd quarter worth $48,000. UMB Bank n.a. raised its stake in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

EQH opened at $53.72 on Tuesday. Equitable Holdings, Inc. has a twelve month low of $32.72 and a twelve month high of $54.82. The stock has a market cap of $16.83 billion, a PE ratio of 14.06 and a beta of 1.39. The business’s 50 day moving average is $49.64 and its 200-day moving average is $45.51. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, analysts predict that Equitable Holdings, Inc. will post 7.24 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.79%. Equitable’s payout ratio is 25.13%.

Insiders Place Their Bets

In other news, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,032 shares of company stock worth $7,587,971. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQH. Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $54.33.

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.