Wilmington Savings Fund Society FSB Invests $534,000 in Equitable Holdings, Inc. (NYSE:EQH)

Wilmington Savings Fund Society FSB acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,331 shares of the company’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp increased its holdings in shares of Equitable by 32.3% in the 2nd quarter. Truist Financial Corp now owns 8,929 shares of the company’s stock worth $365,000 after buying an additional 2,180 shares during the last quarter. Cetera Investment Advisers raised its position in Equitable by 19.3% during the second quarter. Cetera Investment Advisers now owns 23,832 shares of the company’s stock valued at $974,000 after purchasing an additional 3,860 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Equitable during the second quarter valued at about $444,000. Cubist Systematic Strategies LLC purchased a new stake in Equitable during the second quarter valued at about $162,000. Finally, CWM LLC raised its position in Equitable by 43.7% during the third quarter. CWM LLC now owns 5,998 shares of the company’s stock valued at $252,000 after purchasing an additional 1,823 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the sale, the insider now directly owns 141,629 shares of the company’s stock, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,032 shares of company stock worth $7,587,971 over the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Equitable in a research report on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.33.

Equitable Stock Up 0.1 %

NYSE EQH opened at $53.77 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $32.72 and a 1 year high of $54.82. The stock has a market capitalization of $16.85 billion, a PE ratio of 14.08 and a beta of 1.39. The business’s 50-day moving average is $49.76 and its 200 day moving average is $45.59.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. Sell-side analysts forecast that Equitable Holdings, Inc. will post 7.24 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.79%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.