Public Sector Pension Investment Board Reduces Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Public Sector Pension Investment Board lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,755 shares of the company’s stock after selling 500 shares during the period. Public Sector Pension Investment Board’s holdings in Equitable were worth $1,797,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Equitable by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after purchasing an additional 3,155,487 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Equitable during the second quarter valued at approximately $110,176,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock worth $93,322,000 after buying an additional 54,380 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Equitable by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock worth $91,000,000 after acquiring an additional 68,900 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Up 0.0 %

Shares of Equitable stock opened at $47.73 on Friday. Equitable Holdings, Inc. has a 1 year low of $31.53 and a 1 year high of $50.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of -43.79 and a beta of 1.38. The firm’s 50-day moving average is $45.83 and its two-hundred day moving average is $42.61.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. As a group, research analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the sale, the chief executive officer now owns 658,555 shares of the company’s stock, valued at $29,239,842. This trade represents a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,166 shares of company stock worth $4,443,605 in the last three months. 1.10% of the stock is owned by insiders.

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.