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

Oppenheimer Asset Management Inc. reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 204,060 shares of the company’s stock after selling 6,241 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Equitable were worth $9,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp boosted its position in shares of Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP boosted its position in shares of Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares during the period. Principal Financial Group Inc. boosted its position in shares of Equitable by 20.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after purchasing an additional 437,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Equitable by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after purchasing an additional 68,900 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research analyst reports. Truist Financial upped 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. BMO Capital Markets upped their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped 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. Wells Fargo & Company upped their price objective on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Barclays upped their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Two investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.83.

Equitable Stock Performance

Shares of EQH stock opened at $54.10 on Friday. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39. The stock has a 50 day simple moving average of $51.54 and a 200-day simple moving average of $46.69. Equitable Holdings, Inc. has a 12-month low of $32.96 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 analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date is Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Insider Activity at Equitable

In related news, 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 value of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the transaction, the insider now directly owns 141,629 shares of the company’s stock, valued at $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock valued at $6,534,234 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.