Swiss National Bank Sells 70,200 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Swiss National Bank lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 895,200 shares of the company’s stock after selling 70,200 shares during the period. Swiss National Bank’s holdings in Equitable were worth $42,227,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of Equitable during the fourth quarter valued at $566,000. Daiwa Securities Group Inc. raised its stake in shares of Equitable by 66.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 50,975 shares of the company’s stock valued at $2,404,000 after acquiring an additional 20,382 shares during the last quarter. Amundi raised its stake in shares of Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock valued at $130,351,000 after acquiring an additional 957,828 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Equitable by 1.1% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 58,365 shares of the company’s stock valued at $2,753,000 after acquiring an additional 663 shares during the last quarter. Finally, Candriam S.C.A. raised its stake in shares of Equitable by 66.1% during the fourth quarter. Candriam S.C.A. now owns 44,283 shares of the company’s stock valued at $2,089,000 after acquiring an additional 17,617 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Activity

In other news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the transaction, the insider now owns 121,629 shares of the company’s stock, valued at $6,282,137.85. This represents a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,032 shares of company stock worth $4,799,566 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EQH. JPMorgan Chase & Co. raised their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. BMO Capital Markets lifted their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Truist Financial lifted their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.75.

Equitable Trading Up 3.5 %

EQH opened at $51.28 on Monday. Equitable Holdings, Inc. has a 1-year low of $35.18 and a 1-year high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market cap of $15.79 billion, a P/E ratio of 13.42 and a beta of 1.39. The company has a fifty day moving average price of $52.42 and a two-hundred day moving average price of $47.62.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Equitable Company 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.