Signaturefd LLC Sells 2,367 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Signaturefd LLC lessened its position in Equitable Holdings, Inc. (NYSE:EQH) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,992 shares of the company’s stock after selling 2,367 shares during the period. Signaturefd LLC’s holdings in Equitable were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQH. Lindbrook Capital LLC grew its stake in shares of Equitable by 143.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after purchasing an additional 591 shares during the last quarter. Blue Trust Inc. grew its position in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after buying an additional 704 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Equitable by 128.3% during the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after buying an additional 1,034 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in shares of Equitable during the third quarter valued at approximately $67,000. Finally, CWM LLC lifted its stake in Equitable by 23.6% in the third quarter. CWM LLC now owns 2,647 shares of the company’s stock worth $75,000 after acquiring an additional 506 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 60,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mark Pearson sold 60,000 shares of Equitable stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the sale, the chief executive officer now owns 619,625 shares of the company’s stock, valued at approximately $20,063,457.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $34.28, for a total value of $341,737.32. Following the completion of the transaction, the chief operating officer now owns 160,622 shares of the company’s stock, valued at $5,506,122.16. The disclosure for this sale can be found here. Insiders have sold 241,907 shares of company stock valued at $8,338,649 over the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Equitable Stock Down 0.6 %

Equitable stock opened at $36.89 on Friday. The stock’s 50 day moving average is $35.85 and its 200 day moving average is $32.55. The company has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. Equitable Holdings, Inc. has a twelve month low of $21.89 and a twelve month 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, topping analysts’ consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on EQH. Evercore ISI upped their price objective on shares of Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price target on shares of Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price objective on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, UBS Group lifted their price target on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.67.

About Equitable

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.