Crossmark Global Holdings Inc. Sells 258 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Crossmark Global Holdings Inc. lessened its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,176 shares of the company’s stock after selling 258 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equitable were worth $904,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the period. Covestor Ltd lifted its stake in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Equitable during the 3rd quarter worth approximately $48,000. UMB Bank n.a. grew its stake in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after acquiring an additional 718 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQH. JPMorgan Chase & Co. increased their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and increased their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Wells Fargo & Company lowered their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, BMO Capital Markets started coverage on Equitable in a report on Thursday. They issued an “outperform” rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Equitable Stock Up 0.2 %

Equitable stock opened at $53.14 on Friday. The company’s 50-day moving average price is $48.32 and its two-hundred day moving average price is $44.59. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a market cap of $16.65 billion, a P/E ratio of -48.75 and a beta of 1.39. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $53.99.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is -88.07%.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 161,698 shares of company stock worth $7,904,806 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.