IFM Investors Pty Ltd Raises Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

IFM Investors Pty Ltd increased its position in Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,752 shares of the company’s stock after buying an additional 11,077 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equitable were worth $2,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Equitable by 65.3% in the first quarter. National Bank of Canada FI now owns 203,070 shares of the company’s stock worth $6,354,000 after buying an additional 80,225 shares during the period. Arizona State Retirement System boosted its holdings in Equitable by 0.4% in the first quarter. Arizona State Retirement System now owns 101,403 shares of the company’s stock valued at $3,134,000 after acquiring an additional 368 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in Equitable by 5.2% in the first quarter. Hohimer Wealth Management LLC now owns 136,968 shares of the company’s stock valued at $4,234,000 after acquiring an additional 6,763 shares in the last quarter. Edge Capital Group LLC bought a new stake in Equitable in the first quarter valued at $1,855,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Equitable in the first quarter valued at $274,000.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.00, for a total value of $240,000.00. Following the completion of the transaction, the chief operating officer now owns 95,904 shares of the company’s stock, valued at approximately $2,877,120. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Equitable news, COO Jeffrey J. Hurd sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.00, for a total value of $240,000.00. Following the completion of the transaction, the chief operating officer now owns 95,904 shares of the company’s stock, valued at approximately $2,877,120. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.04, for a total value of $901,200.00. Following the completion of the transaction, the chief executive officer now directly owns 482,212 shares of the company’s stock, valued at approximately $14,485,648.48. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQH. Barclays cut their price target on shares of Equitable from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Morgan Stanley cut their price target on shares of Equitable from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. JPMorgan Chase & Co. cut their price target on shares of Equitable from $36.00 to $34.00 in a report on Monday, July 11th. Evercore ISI cut their price target on shares of Equitable from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 6th. Finally, Citigroup began coverage on shares of Equitable in a report on Monday, May 23rd. They issued a “buy” rating and a $41.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Buy” and a consensus target price of $41.11.

Equitable Price Performance

Shares of Equitable stock opened at $28.33 on Friday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 3.52 and a beta of 1.47. The firm’s 50-day moving average is $27.17 and its 200 day moving average is $29.87. Equitable Holdings, Inc. has a 1 year low of $24.61 and a 1 year high of $37.13.

Equitable (NYSE:EQHGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, equities analysts expect that Equitable Holdings, Inc. will post 5.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 8th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Friday, August 5th. Equitable’s payout ratio is 9.94%.

Equitable Profile

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Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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