Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,138,787 shares of the company’s stock after selling 26,328 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Equitable worth $100,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQH. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 352 shares during the period. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 period. Smartleaf Asset Management LLC lifted its holdings in shares of Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock worth $80,000 after purchasing an additional 409 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after purchasing an additional 817 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley lifted their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average target price of $57.17.

Equitable Stock Up 1.1 %

Equitable stock opened at $50.41 on Monday. The stock has a market capitalization of $15.52 billion, a PE ratio of 13.20 and a beta of 1.39. Equitable Holdings, Inc. has a 12 month low of $33.38 and a 12 month high of $56.00. The business has a 50 day simple moving average of $52.13 and a 200-day simple moving average of $47.31. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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 anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the completion of the sale, the chief executive officer now directly owns 639,939 shares in the company, valued at approximately $30,275,514.09. The trade was a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the transaction, the chief operating officer now directly owns 98,875 shares in the company, valued at $4,677,776.25. This trade represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by corporate insiders.

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.