Vinva Investment Management Ltd Trims Stake in Equitable Holdings, Inc. (NYSE:EQH)

Vinva Investment Management Ltd reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,210 shares of the company’s stock after selling 1,140 shares during the period. Vinva Investment Management Ltd’s holdings in Equitable were worth $621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Equitable during the fourth quarter valued at approximately $295,000. Principal Financial Group Inc. boosted its stake in shares of Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after purchasing an additional 148,180 shares in the last quarter. Vest Financial LLC boosted its stake in shares of Equitable by 11.7% during the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after purchasing an additional 78,725 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its stake in shares of Equitable by 902.4% during the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock valued at $3,298,000 after purchasing an additional 70,629 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the completion of the transaction, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at $5,039,221.85. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,032 shares of company stock valued at $5,443,966 over the last 90 days. Insiders own 1.10% of the company’s stock.

Equitable Trading Up 0.2 %

NYSE EQH opened at $52.49 on Friday. The company has a fifty day simple moving average of $52.75 and a two-hundred day simple moving average of $47.89. The stock has a market cap of $16.16 billion, a P/E ratio of 13.74 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $35.49 and a 12-month high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.83%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQH shares. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Truist Financial raised their target price on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Morgan Stanley raised their target price on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.75.

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.