Neuberger Berman Group LLC raised its position in Equitable Holdings, Inc. (NYSE:EQH) by 69.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,595,236 shares of the company’s stock after buying an additional 1,884,271 shares during the period. Neuberger Berman Group LLC’s holdings in Equitable were worth $139,689,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of EQH. Advisory Services Network LLC purchased a new position in Equitable in the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd purchased a new position in Equitable in the 2nd quarter valued at about $31,000. Van ECK Associates Corp boosted its position in Equitable by 146.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,325 shares of the company’s stock valued at $40,000 after buying an additional 788 shares during the last quarter. Eaton Vance Management bought a new position in shares of Equitable during the first quarter worth about $66,000. Finally, Pinebridge Investments L.P. bought a new position in shares of Equitable during the first quarter worth about $92,000. 94.51% of the stock is owned by institutional investors.
In other Equitable news, CEO Mark Pearson sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $30.02, for a total value of $450,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is currently owned by company insiders.
Shares of NYSE EQH opened at $31.98 on Thursday. The firm’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $31.44. Equitable Holdings, Inc. has a 52-week low of $18.44 and a 52-week high of $35.46. The stock has a market capitalization of $13.19 billion, a P/E ratio of 4.43 and a beta of 1.64.
Equitable (NYSE:EQH) last issued its earnings results on Wednesday, August 4th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.34. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the business earned $0.98 EPS. On average, research analysts anticipate that Equitable Holdings, Inc. will post 5.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, August 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.25%. Equitable’s payout ratio is currently 14.43%.
Equitable Company Profile
Equitable Holdings, Inc is a financial services company in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Its mission is to help clients secure their financial well-being. The company was founded by Henry B.
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