Mediolanum International Funds Ltd Has $1.25 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Mediolanum International Funds Ltd reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,563 shares of the company’s stock after selling 37,293 shares during the period. Mediolanum International Funds Ltd’s holdings in Equitable were worth $1,246,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Equitable during the 2nd quarter worth about $162,000. Algert Global LLC boosted its position in shares of Equitable by 33.2% during the 2nd quarter. Algert Global LLC now owns 14,188 shares of the company’s stock worth $580,000 after purchasing an additional 3,540 shares in the last quarter. Truist Financial Corp boosted its position in shares of Equitable by 32.3% during the 2nd quarter. Truist Financial Corp now owns 8,929 shares of the company’s stock worth $365,000 after purchasing an additional 2,180 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Equitable by 19.3% during the 2nd quarter. Cetera Investment Advisers now owns 23,832 shares of the company’s stock worth $974,000 after purchasing an additional 3,860 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Equitable during the 2nd quarter worth about $444,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on EQH shares. Wells Fargo & Company dropped their price target on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, 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 research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

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 on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the transaction, the insider now owns 141,629 shares in the company, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 161,698 shares of company stock valued at $7,904,806 in the last three months. Company insiders own 1.10% of the company’s stock.

Equitable Stock Up 0.4 %

EQH opened at $54.46 on Monday. The company has a 50 day moving average of $49.02 and a 200 day moving average of $45.04. The company has a current ratio of 0.12, a quick 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 $54.82. The company has a market cap of $17.06 billion, a PE ratio of -49.96 and a beta of 1.39.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm earned $1.15 EPS. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, sell-side analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

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.