Equitable Holdings, Inc. $EQH Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 85.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,739 shares of the company’s stock after selling 78,938 shares during the period. SG Americas Securities LLC’s holdings in Equitable were worth $771,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new position in shares of Equitable in the first quarter worth $27,000. True Wealth Design LLC raised its stake in shares of Equitable by 592.6% during the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Equitable in the first quarter worth about $33,000. Geneos Wealth Management Inc. grew its position in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after buying an additional 424 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Equitable during the 2nd quarter valued at about $73,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on EQH shares. Wells Fargo & Company reduced their price target on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Barclays reaffirmed an “overweight” rating and set a $63.00 price target on shares of Equitable in a research note on Wednesday, October 8th. Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Evercore ISI boosted their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.18.

Insider Buying and Selling at Equitable

In related news, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $43.14, for a total value of $1,712,658.00. Following the completion of the sale, the chief executive officer owned 676,540 shares in the company, valued at approximately $29,185,935.60. This represents a 5.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,790 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $43.28, for a total transaction of $293,871.20. Following the completion of the transaction, the chief operating officer directly owned 68,308 shares of the company’s stock, valued at $2,956,370.24. This represents a 9.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 176,358 shares of company stock valued at $8,760,599. 1.10% of the stock is currently owned by corporate insiders.

Equitable Price Performance

NYSE EQH opened at $45.41 on Tuesday. Equitable Holdings, Inc. has a 1 year low of $41.39 and a 1 year high of $56.61. The business’s fifty day moving average is $48.64 and its two-hundred day moving average is $51.59. The stock has a market capitalization of $13.01 billion, a P/E ratio of -16.45 and a beta of 1.17. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.13 and a current ratio of 0.13.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The business’s revenue was down 52.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 24th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 24th. Equitable’s payout ratio is presently -39.13%.

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.