Kendall Capital Management Has $5.37 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Kendall Capital Management trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,804 shares of the company’s stock after selling 1,395 shares during the quarter. Equitable accounts for 1.6% of Kendall Capital Management’s portfolio, making the stock its 12th largest holding. Kendall Capital Management’s holdings in Equitable were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EQH. Versant Capital Management Inc boosted its holdings in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares in the last quarter. Covestor Ltd boosted its holdings in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. Assetmark Inc. boosted its holdings in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock worth $80,000 after acquiring an additional 409 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Performance

Shares of Equitable stock opened at $50.41 on Friday. The firm has a fifty day moving average of $52.13 and a two-hundred day moving average of $47.26. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 13.20 and a beta of 1.39. Equitable Holdings, Inc. has a 52 week low of $33.38 and a 52 week high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares in the company, valued at $30,275,514.09. This represents a 4.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EQH. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.17.

Equitable Company 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.