Stifel Financial Corp Sells 2,962 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Stifel Financial Corp lowered its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 19,570 shares of the company’s stock after selling 2,962 shares during the period. Stifel Financial Corp’s holdings in Equitable were worth $923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EQH. Bessemer Group Inc. boosted its holdings in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Assetmark Inc. raised its position in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Mizuho Bank Ltd. boosted its stake in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew 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 last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Equitable by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after buying an additional 409 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Stock Up 0.3 %

NYSE:EQH opened at $51.36 on Friday. The stock has a 50-day moving average price of $49.85 and a two-hundred day moving average price of $49.67. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. 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 stock has a market cap of $15.61 billion, a price-to-earnings ratio of 13.45 and a beta of 1.15.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $1.43 EPS. The company’s revenue was up 105.2% compared to the same quarter last year. As a group, equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EQH. BMO Capital Markets upped their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on Equitable from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.08.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 5,000 shares of Equitable 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 completion of the sale, the insider now owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,332 shares of company stock worth $4,141,315 in the last ninety days. Insiders own 1.10% of the company’s stock.

Equitable Company 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.