Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,060 shares of the company’s stock after selling 6,241 shares during the period. Oppenheimer Asset Management Inc. owned 0.07% of Equitable worth $9,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. boosted its stake in Equitable by 6.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 138,500 shares of the company’s stock worth $6,533,000 after buying an additional 8,300 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after purchasing an additional 1,261,466 shares during the period. TCW Group Inc. raised its position in Equitable by 10.9% in the fourth quarter. TCW Group Inc. now owns 146,940 shares of the company’s stock valued at $6,931,000 after purchasing an additional 14,480 shares during the period. Allianz Asset Management GmbH raised its position in Equitable by 3.7% in the fourth quarter. Allianz Asset Management GmbH now owns 643,633 shares of the company’s stock valued at $30,360,000 after purchasing an additional 23,134 shares during the period. Finally, Ieq Capital LLC purchased a new stake in Equitable in the fourth quarter valued at $1,420,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EQH. Wells Fargo & Company lifted their target price on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.83.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares in the company, valued at $4,677,776.25. This represents a 6.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock worth $6,534,234 in the last quarter. 1.10% of the stock is owned by company insiders.

Equitable Price Performance

EQH stock opened at $54.10 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 company has a market capitalization of $16.95 billion, a PE ratio of 14.16 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $32.96 and a 12-month high of $56.00. The business’s fifty day moving average price is $51.54 and its 200 day moving average price is $46.69.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.77%. Equitable’s dividend payout ratio (DPR) is 25.13%.

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.