Schroder Investment Management Group Sells 467,850 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Schroder Investment Management Group lowered its position in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 33.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 930,814 shares of the company’s stock after selling 467,850 shares during the quarter. Schroder Investment Management Group owned 0.27% of Equitable worth $30,996,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 acquiring an additional 329 shares during the period. TCW Group Inc. raised its holdings in shares of Equitable by 0.5% in the 4th quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock worth $2,397,000 after buying an additional 371 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Equitable by 143.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after buying an additional 591 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Equitable by 9.5% in the 4th quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock worth $263,000 after buying an additional 684 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Equitable by 3.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,793 shares of the company’s stock worth $726,000 after buying an additional 700 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction dated 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 directly owns 88,660 shares in the company, valued at $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now owns 88,660 shares of the company’s stock, valued at approximately $3,374,399.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated 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 directly owns 695,025 shares in the company, valued at approximately $26,174,641.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,411 shares of company stock worth $8,980,534. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

EQH has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Truist Financial raised their price target on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company decreased their price objective on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Morgan Stanley increased 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. Finally, Keefe, Bruyette & Woods increased their price objective on Equitable from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $40.10.

Get Our Latest Research Report on EQH

Equitable Stock Down 0.3 %

NYSE:EQH opened at $40.16 on Monday. Equitable Holdings, Inc. has a 12-month low of $24.65 and a 12-month high of $41.64. The firm has a market capitalization of $13.06 billion, a P/E 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 earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.59 billion. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.12 earnings per share for the current year.

Equitable Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This is a positive change from Equitable’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.39%. Equitable’s payout ratio is currently 29.72%.

About Equitable

(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.

Featured Stories

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQHFree Report).

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.