PGGM Investments Reduces Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

PGGM Investments lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,736 shares of the company’s stock after selling 2,270 shares during the quarter. PGGM Investments’ holdings in Equitable were worth $6,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Covestor Ltd raised its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Equitable in the 3rd quarter worth $243,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Equitable by 47.0% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,653 shares of the company’s stock worth $448,000 after purchasing an additional 3,407 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Equitable by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company’s stock worth $29,919,000 after purchasing an additional 7,720 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Equitable by 24.2% during the third quarter. Victory Capital Management Inc. now owns 266,677 shares of the company’s stock valued at $11,208,000 after purchasing an additional 51,990 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of several recent research reports. Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company upped their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the sale, the insider now owns 141,629 shares in the company, valued at $6,492,273.36. The trade was a 15.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,698 shares of company stock worth $6,534,234. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Down 3.7 %

Shares of EQH stock opened at $49.55 on Friday. 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 capitalization of $15.25 billion, a price-to-earnings ratio of 12.97 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $34.95 and a 12-month high of $56.00. The stock’s 50-day moving average price is $52.32 and its 200-day moving average price is $47.46.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

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.