Stephens Inc. AR Acquires 842 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Stephens Inc. AR lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,260 shares of the company’s stock after purchasing an additional 842 shares during the quarter. Stephens Inc. AR’s holdings in Equitable were worth $428,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EQH. Victory Capital Management Inc. raised its holdings in shares of Equitable by 54.0% during the third quarter. Victory Capital Management Inc. now owns 138,336 shares of the company’s stock worth $3,645,000 after acquiring an additional 48,501 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Equitable in the 3rd quarter valued at about $8,660,000. Park Avenue Securities LLC acquired a new stake in shares of Equitable in the 3rd quarter valued at about $231,000. Assetmark Inc. lifted its holdings in shares of Equitable by 55.7% in the third quarter. Assetmark Inc. now owns 24,075 shares of the company’s stock valued at $634,000 after purchasing an additional 8,617 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Equitable by 5.2% during the third quarter. US Bancorp DE now owns 11,286 shares of the company’s stock worth $297,000 after buying an additional 556 shares during the period. Institutional investors own 93.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EQH shares. Jefferies Financial Group cut Equitable from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $34.00 in a research note on Friday, December 9th. Wells Fargo & Company cut their price objective on shares of Equitable from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 18th. Morgan Stanley increased their price target on Equitable from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Royal Bank of Canada downgraded shares of Equitable from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $34.00 to $33.00 in a report on Tuesday, December 6th. Finally, Citigroup increased their price target on shares of Equitable from $37.00 to $38.00 in a research note on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.56.

Equitable Stock Up 0.8 %

Equitable stock opened at $30.51 on Tuesday. The company’s 50-day moving average price is $30.05 and its two-hundred day moving average price is $29.22. The stock has a market cap of $11.29 billion, a P/E ratio of 4.27 and a beta of 1.43. Equitable Holdings, Inc. has a twelve month low of $24.61 and a twelve month high of $37.13.

Equitable (NYSE:EQHGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.15. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.21 billion. Equities analysts anticipate that Equitable Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Monday, November 28th were given a $0.20 dividend. The ex-dividend date was Friday, November 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. Equitable’s payout ratio is presently 11.19%.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $30.19, for a total value of $905,700.00. Following the completion of the sale, the chief executive officer now owns 425,307 shares in the company, valued at approximately $12,840,018.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Equitable Profile

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Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

Further Reading

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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