Signaturefd LLC Sells 593 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Signaturefd LLC trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,001 shares of the company’s stock after selling 593 shares during the quarter. Signaturefd LLC’s holdings in Equitable were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EQH. State Street Corp grew its stake in Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares during the last quarter. Amundi increased 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 worth $130,351,000 after purchasing an additional 957,828 shares during the period. Principal Financial Group Inc. lifted its holdings in Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after purchasing an additional 437,322 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction that occurred on 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 owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,032 shares of company stock valued at $5,443,966. 1.10% of the stock is currently owned by company insiders.

Equitable Price Performance

Shares of EQH opened at $52.49 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The stock has a market cap of $16.16 billion, a PE ratio of 13.74 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $35.49 and a 12-month high of $56.00. The business has a 50-day simple moving average of $52.75 and a two-hundred day simple moving average of $47.89.

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

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Analysts Set New Price Targets

Several research firms have weighed in on EQH. Morgan Stanley increased their price objective on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Truist Financial lifted their price objective 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. Wells Fargo & Company raised their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price target on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Finally, BMO Capital Markets raised their price objective on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average target price of $57.75.

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.