Equitable Holdings, Inc. (NYSE:EQH) Holdings Boosted by TD Asset Management Inc

TD Asset Management Inc grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,446 shares of the company’s stock after purchasing an additional 8,642 shares during the quarter. TD Asset Management Inc’s holdings in Equitable were worth $1,214,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC lifted its stake in Equitable by 1,161.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after buying an additional 7,227,568 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Equitable by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock worth $2,949,000 after purchasing an additional 329 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Equitable in the fourth quarter valued at approximately $349,000. TCW Group Inc. raised its holdings in shares of Equitable by 0.5% during the fourth quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock valued at $2,397,000 after buying an additional 371 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of Equitable by 19.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 69,671 shares of the company’s stock worth $2,320,000 after buying an additional 11,508 shares during the period. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 0.3 %

Shares of NYSE EQH opened at $40.16 on Monday. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $41.64. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 12.43 and a beta of 1.41. The stock’s fifty day simple moving average is $38.80 and its 200 day simple moving average is $35.34.

Equitable (NYSE:EQHGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. Equitable’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.12 earnings per share for the current year.

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. This is a positive change from Equitable’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Insiders Place Their Bets

In other news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.66, for a total value of $1,129,800.00. Following the completion of the sale, the chief executive officer now owns 695,025 shares in the company, valued at approximately $26,174,641.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,411 shares of company stock worth $8,980,534. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. Morgan Stanley boosted their target price on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Jefferies Financial Group lifted their price target on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Truist Financial upped their price objective on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.10.

Check Out Our Latest Stock Analysis on EQH

Equitable Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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