Fiduciary Financial Group LLC Sells 495 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Fiduciary Financial Group LLC lowered its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,142 shares of the company’s stock after selling 495 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Equitable were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP lifted its stake in Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after buying an additional 161,376 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after purchasing an additional 539,904 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable in the second quarter valued at approximately $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,032 shares of company stock valued at $4,699,759. 1.10% of the stock is currently owned by corporate insiders.

Equitable Trading Up 1.8 %

Shares of Equitable stock opened at $49.90 on Wednesday. The firm has a 50-day moving average of $47.57 and a 200-day moving average of $43.93. The stock has a market cap of $15.64 billion, a PE ratio of -45.78 and a beta of 1.39. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $50.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting 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 business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. Equitable’s revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.92%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

Wall Street Analyst Weigh In

EQH has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.18.

Equitable 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.