Kathmere Capital Management LLC Grows Stake in Equitable Holdings, Inc. (NYSE:EQH)

Kathmere Capital Management LLC lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,699 shares of the company’s stock after purchasing an additional 1,014 shares during the period. Kathmere Capital Management LLC’s holdings in Equitable were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EQH. Vanguard Group Inc. boosted its position in Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after acquiring an additional 446,752 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Equitable by 3.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after purchasing an additional 637,916 shares during the last quarter. Norges Bank acquired a new position in shares of Equitable in the 4th quarter worth approximately $606,630,000. Hsbc Holdings PLC lifted its holdings in shares of Equitable by 1,161.7% in the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock worth $262,692,000 after acquiring an additional 7,227,568 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Equitable by 0.3% in the 4th quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock worth $207,553,000 after acquiring an additional 18,475 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Down 6.7 %

Shares of NYSE EQH traded down $2.82 during midday trading on Friday, reaching $39.18. 2,806,051 shares of the stock were exchanged, compared to its average volume of 2,424,582. The company has a market capitalization of $12.74 billion, a P/E ratio of 12.13 and a beta of 1.43. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $44.50. The stock has a 50 day moving average price of $41.26 and a 200-day moving average price of $37.87.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.71 billion. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. On average, analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.45%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the sale, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQH. Evercore ISI upped their target price on shares of Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. Morgan Stanley upped their target price on shares of Equitable from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Wells Fargo & Company lowered their target price on shares of Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Finally, Truist Financial upped their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.18.

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.