Ellevest Inc. Sells 377 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Ellevest Inc. decreased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,594 shares of the company’s stock after selling 377 shares during the period. Ellevest Inc.’s holdings in Equitable were worth $453,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQH. Bessemer Group Inc. raised 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 purchasing an additional 357 shares during the period. Assetmark Inc. raised its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares during the period. Mizuho Bank Ltd. raised its stake in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after buying an additional 430 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after buying an additional 1,265 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock worth $80,000 after acquiring an additional 409 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Up 0.3 %

Shares of Equitable stock opened at $51.36 on Friday. The company’s 50 day moving average price is $49.85 and its 200-day moving average price is $49.67. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market capitalization 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 data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equitable’s revenue was up 105.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is 26.09%.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research reports. Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Evercore ISI dropped their target price on Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, Morgan Stanley reduced their price target on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.08.

About Equitable

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.