SG Americas Securities LLC Sells 7,832 Shares of Equitable Holdings, Inc. (NYSE:EQH)

SG Americas Securities LLC lessened its position in Equitable Holdings, Inc. (NYSE:EQH) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,680 shares of the company’s stock after selling 7,832 shares during the period. SG Americas Securities LLC’s holdings in Equitable were worth $928,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. lifted its stake in 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 raised its holdings in shares of Equitable by 61.5% during 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. Allspring Global Investments Holdings LLC lifted its position in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after acquiring an additional 332 shares in the last quarter. Versant Capital Management Inc boosted its stake in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares during the period. Finally, UMB Bank n.a. increased its holdings in Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after purchasing an additional 404 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Trading Up 1.2 %

Shares of EQH stock opened at $53.74 on Wednesday. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of -49.30 and a beta of 1.39. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $54.62. The company’s fifty day simple moving average is $48.58 and its two-hundred day simple moving average is $44.79. 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 (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. Equitable’s payout ratio is currently -88.07%.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the sale, the insider now owns 121,629 shares in the company, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 161,698 shares of company stock valued at $7,904,806 in the last quarter. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EQH. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $54.00 to $58.00 in a report on Monday, December 9th. BMO Capital Markets began coverage on Equitable in a research report on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price target for the company. Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and increased their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $53.67.

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.