Lindbrook Capital LLC Increases Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Lindbrook Capital LLC grew its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 143.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,004 shares of the company’s stock after acquiring an additional 591 shares during the period. Lindbrook Capital LLC’s holdings in Equitable were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Equitable by 126.2% in the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after buying an additional 704 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Equitable by 128.3% in the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after buying an additional 1,034 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Equitable in the third quarter worth about $67,000. CWM LLC lifted its position in shares of Equitable by 23.6% in the third quarter. CWM LLC now owns 2,647 shares of the company’s stock worth $75,000 after buying an additional 506 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Equitable by 35.7% in the fourth quarter. Fifth Third Bancorp now owns 4,219 shares of the company’s stock worth $140,000 after buying an additional 1,109 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Performance

EQH opened at $36.89 on Friday. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 10.91 and a beta of 1.42. The stock’s 50 day moving average price is $35.85 and its 200-day moving average price is $32.55. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $38.44.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. As a group, analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.39%. Equitable’s dividend payout ratio (DPR) is currently 26.04%.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company upped their price objective on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group upped their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods upped their price objective on Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the transaction, the chief executive officer now owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equitable news, insider Nick Lane sold 20,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the sale, the insider now owns 144,132 shares of the company’s stock, valued at approximately $4,903,370.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 60,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total value of $1,942,800.00. Following the sale, the chief executive officer now directly owns 619,625 shares in the company, valued at approximately $20,063,457.50. The disclosure for this sale can be found here. Insiders have sold a total of 241,907 shares of company stock valued at $8,338,649 over the last quarter. 1.02% of the stock is owned by corporate insiders.

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.