Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by TFO Wealth Partners LLC

TFO Wealth Partners LLC lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 80,650.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,305 shares of the company’s stock after acquiring an additional 11,291 shares during the period. TFO Wealth Partners LLC’s holdings in Equitable were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EQH. Lindbrook Capital LLC lifted its position in Equitable by 143.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after buying an additional 591 shares during the period. Blue Trust Inc. lifted its position in Equitable by 126.2% during the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after buying an additional 704 shares during the period. GAMMA Investing LLC purchased a new position in Equitable during the fourth quarter worth about $50,000. Harvest Fund Management Co. Ltd purchased a new position in Equitable during the fourth quarter worth about $64,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Equitable during the third quarter worth about $67,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $41.49 on Friday. The company has a market cap of $13.49 billion, a P/E ratio of 12.85 and a beta of 1.40. Equitable Holdings, Inc. has a one year low of $24.23 and a one year high of $41.64. The business’s 50-day simple moving average is $38.43 and its 200 day simple moving average is $34.76.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.59 billion. Equitable’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. Analysts predict that Equitable Holdings, Inc. will post 6.12 earnings per share for the current year.

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.31%. This is a positive change from Equitable’s previous quarterly dividend of $0.22. Equitable’s payout ratio is currently 27.24%.

Wall Street Analysts Forecast Growth

EQH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Equitable from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. Jefferies Financial Group increased their target price on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company cut their price objective on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Evercore ISI raised their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Truist Financial raised their price objective on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $40.10.

Insider Activity at Equitable

In related news, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the transaction, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the sale, the chief executive officer now owns 685,025 shares of the company’s stock, valued at approximately $24,825,306. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now directly owns 88,660 shares in the company, valued at approximately $3,374,399.60. The disclosure for this sale can be found here. Insiders sold 239,411 shares of company stock worth $8,980,534 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.