Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,611 shares of the company’s stock after selling 3,824 shares during the quarter. SVB Wealth LLC’s holdings in Equitable were worth $287,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Equitable by 1.1% in the third quarter. Vanguard Group Inc. now owns 37,565,700 shares of the company’s stock worth $1,066,490,000 after acquiring an additional 402,720 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Equitable by 10.0% in the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after acquiring an additional 2,450,484 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Equitable by 1.5% in the third quarter. Northern Trust Corp now owns 3,176,991 shares of the company’s stock worth $90,195,000 after acquiring an additional 45,999 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Equitable by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,073,759 shares of the company’s stock worth $58,874,000 after acquiring an additional 13,879 shares in the last quarter. Finally, Poplar Forest Capital LLC lifted its stake in shares of Equitable by 14.7% in the third quarter. Poplar Forest Capital LLC now owns 1,488,595 shares of the company’s stock worth $42,261,000 after acquiring an additional 190,501 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EQH shares. Evercore ISI boosted their price target on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Morgan Stanley upped their price objective on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group upped their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group upped their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Equitable Stock Performance

Shares of NYSE EQH opened at $37.03 on Tuesday. The stock has a fifty day moving average price of $35.63 and a two-hundred day moving average price of $32.41. The firm has a market cap of $12.13 billion, a P/E ratio of 10.96 and a beta of 1.42. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $38.44.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. On average, research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

Insider Activity

In other news, Director Charles G.T. Stonehill sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total transaction of $170,100.00. Following the completion of the sale, the director now owns 29,758 shares in the company, valued at approximately $1,012,367.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Charles G.T. Stonehill sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total transaction of $170,100.00. Following the completion of the sale, the director now owns 29,758 shares in the company, valued at approximately $1,012,367.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the sale, the chief operating officer now owns 141,062 shares of the company’s stock, valued at approximately $5,112,086.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,907 shares of company stock worth $8,338,649. Insiders own 1.02% 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.