Nordea Investment Management AB lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 175,554 shares of the company’s stock after purchasing an additional 15,510 shares during the period. Nordea Investment Management AB’s holdings in Equitable were worth $5,054,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. AMG National Trust Bank grew its stake in Equitable by 1.1% in the fourth quarter. AMG National Trust Bank now owns 34,239 shares of the company’s stock valued at $983,000 after purchasing an additional 375 shares in the last quarter. Arizona State Retirement System raised its stake in Equitable by 1.6% during the 4th quarter. Arizona State Retirement System now owns 106,323 shares of the company’s stock worth $3,051,000 after buying an additional 1,711 shares during the period. Toronto Dominion Bank grew its holdings in shares of Equitable by 35.7% in the fourth quarter. Toronto Dominion Bank now owns 108,558 shares of the company’s stock valued at $3,114,000 after acquiring an additional 28,552 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Equitable during the fourth quarter valued at $474,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Equitable during the fourth quarter worth $252,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
Insider Activity
In other Equitable news, Director Kristi Ann Matus sold 19,297 shares of the stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $23.34, for a total value of $450,391.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kristi Ann Matus sold 19,297 shares of Equitable stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $23.34, for a total transaction of $450,391.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 8,100 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $25.38, for a total transaction of $205,578.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,062 shares of the company’s stock, valued at $686,833.56. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Equitable Trading Down 0.1 %
Shares of EQH opened at $22.82 on Thursday. The firm has a market cap of $8.19 billion, a PE ratio of 6.71 and a beta of 1.40. The company’s 50 day simple moving average is $25.57 and its 200-day simple moving average is $28.83. Equitable Holdings, Inc. has a 12-month low of $21.89 and a 12-month high of $33.24.
Equitable (NYSE:EQH – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.18). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $3.27 billion. The firm’s quarterly revenue was down 48.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 EPS. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 5.4 EPS for the current fiscal year.
Equitable Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Monday, February 27th were issued a $0.20 dividend. The ex-dividend date was Friday, February 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.51%. Equitable’s dividend payout ratio (DPR) is 23.53%.
Equitable Company Profile
Equitable Holdings, Inc engages in the provision of financial services. It operates through the following segment: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment includes annuity products, which primarily meet the needs of individuals saving for retirement or seeking retirement income.
Read More
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