Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 60.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,097 shares of the company’s stock after selling 56,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Equitable were worth $1,750,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. grew its stake in shares of Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after buying an additional 209 shares in the last quarter. Covestor Ltd grew its stake in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares in the last quarter. Truist Financial Corp grew its stake in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after buying an additional 257 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after buying an additional 283 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after buying an additional 332 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Up 1.4 %

Shares of NYSE EQH opened at $54.13 on Thursday. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.17 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The business has a 50-day moving average of $51.36 and a two-hundred day moving average of $46.64. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is currently 25.13%.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now owns 629,939 shares in the company, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,698 shares of company stock worth $6,534,234. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Morgan Stanley lifted their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.83.

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.