Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,896 shares of the company’s stock after buying an additional 6,336 shares during the quarter. Diversified Trust Co’s holdings in Equitable were worth $1,316,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after purchasing an additional 338,205 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Equitable by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after buying an additional 161,376 shares in the last quarter. 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 valued at $166,855,000 after buying an additional 539,904 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Equitable in the second quarter valued at approximately $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equitable by 2.5% during 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 acquiring an additional 54,380 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and increased their target price for the company from $54.00 to $58.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price target on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.00.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,032 shares of company stock valued at $6,031,759. Company insiders own 1.10% of the company’s stock.

Equitable Trading Down 0.1 %

Shares of Equitable stock opened at $49.05 on Thursday. The business has a 50 day moving average price of $47.36 and a 200 day moving average price of $43.75. The company has a market capitalization of $15.37 billion, a P/E ratio of -45.00 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $50.51.

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 business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 earnings per share. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

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.