Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,230,385 shares of the company’s stock after selling 380,082 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of Equitable worth $121,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXA S.A. bought a new stake in Equitable in the third quarter valued at about $3,491,000. Neuberger Berman Group LLC boosted its stake in Equitable by 24.3% in the third quarter. Neuberger Berman Group LLC now owns 3,917,357 shares of the company’s stock valued at $103,222,000 after acquiring an additional 766,449 shares during the period. Signaturefd LLC boosted its stake in Equitable by 8.4% in the fourth quarter. Signaturefd LLC now owns 14,002 shares of the company’s stock valued at $402,000 after acquiring an additional 1,085 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Equitable by 80.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,588 shares of the company’s stock valued at $43,000 after acquiring an additional 710 shares during the period. Finally, TKG Advisors LLC acquired a new position in Equitable in the fourth quarter valued at approximately $1,813,000. 93.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on EQH shares. Morgan Stanley decreased their target price on Equitable from $48.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Raymond James started coverage on Equitable in a research note on Wednesday, February 8th. They issued a “market perform” rating for the company. Wells Fargo & Company decreased their target price on Equitable from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Royal Bank of Canada reduced their price objective on Equitable from $33.00 to $28.00 and set a “sector perform” rating for the company in a research report on Monday, April 10th. Finally, 92 Resources reiterated a “maintains” rating on shares of Equitable in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 8,100 shares of the stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $25.38, for a total transaction of $205,578.00. Following the transaction, the chief accounting officer now directly owns 27,062 shares of the company’s stock, valued at $686,833.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Kristi Ann Matus sold 19,297 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $23.34, for a total value of $450,391.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO William James Iv Eckert sold 8,100 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $25.38, for a total value of $205,578.00. Following the completion of the sale, the chief accounting officer now directly owns 27,062 shares in the company, valued at $686,833.56. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Equitable Price Performance

Shares of NYSE:EQH opened at $24.50 on Friday. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $33.24. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 7.21 and a beta of 1.40. The stock’s 50 day moving average price is $24.67 and its 200 day moving average price is $28.54.

Equitable (NYSE:EQH – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.28). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.28 billion. On average, sell-side analysts expect that Equitable Holdings, Inc. will post 5.17 EPS for the current year.

Equitable Profile

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Equitable Holdings, Inc engages in the provision of financial services. It operates through the following segment: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment includes annuity products, which primarily meet the needs of individuals saving for retirement or seeking retirement income.