Equitable Holdings, Inc. (NYSE:EQH) Holdings Lifted by Community Trust & Investment Co.

Community Trust & Investment Co. increased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,797 shares of the company’s stock after acquiring an additional 890 shares during the period. Community Trust & Investment Co.’s holdings in Equitable were worth $15,273,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Choreo LLC purchased a new position in Equitable during the second quarter valued at approximately $268,000. American Century Companies Inc. boosted its stake in shares of Equitable by 86.5% during the 2nd quarter. American Century Companies Inc. now owns 435,567 shares of the company’s stock valued at $17,797,000 after buying an additional 202,021 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Equitable by 31.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 85,875 shares of the company’s stock valued at $3,442,000 after acquiring an additional 20,391 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Equitable by 81.7% in the second quarter. Envestnet Asset Management Inc. now owns 102,385 shares of the company’s stock worth $4,183,000 after acquiring an additional 46,027 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value 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 represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,032 shares of company stock valued at $4,699,759 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Up 1.8 %

Shares of Equitable stock opened at $49.90 on Wednesday. The stock has a market cap of $15.64 billion, a PE ratio of -45.78 and a beta of 1.39. The business has a fifty day simple moving average of $47.57 and a 200 day simple moving average of $43.93. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 12 month low of $31.76 and a 12 month high of $50.51.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. Research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $54.00 to $58.00 in a report on Monday, December 9th. 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 report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company cut their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Barclays upped their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $52.18.

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.