Signaturefd LLC Has $229,000 Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Signaturefd LLC lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,594 shares of the company’s stock after selling 338 shares during the quarter. Signaturefd LLC’s holdings in Equitable were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQH. Norges Bank bought a new position in Equitable in the 4th quarter worth approximately $606,630,000. Hsbc Holdings PLC lifted its stake in shares of Equitable by 1,161.7% during the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after acquiring an additional 7,227,568 shares during the period. Principal Financial Group Inc. boosted its holdings in Equitable by 1,105.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock valued at $41,390,000 after acquiring an additional 1,139,814 shares during the last quarter. Northern Trust Corp increased its position in Equitable by 24.6% in the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock worth $131,815,000 after purchasing an additional 781,426 shares during the period. Finally, Swedbank AB bought a new stake in Equitable during the 1st quarter worth about $27,237,000. 92.70% of the stock is owned by institutional investors.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the sale, the chief executive officer now owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $39.62, for a total transaction of $394,971.78. Following the completion of the transaction, the chief operating officer now owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at $28,635,021. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,938 shares of company stock valued at $2,090,536. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EQH shares. Citigroup lifted their price target on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. raised their price target on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $43.00 in a report on Tuesday, June 18th. Finally, Jefferies Financial Group raised their target price on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.09.

Equitable Stock Up 1.1 %

NYSE:EQH opened at $42.52 on Monday. Equitable Holdings, Inc. has a 1 year low of $24.65 and a 1 year high of $44.50. The stock has a 50-day moving average price of $41.02 and a two-hundred day moving average price of $38.87. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 13.16 and a beta of 1.43. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. Equitable’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.26%. Equitable’s payout ratio is 29.72%.

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.