Skandinaviska Enskilda Banken AB publ Has $3.14 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Skandinaviska Enskilda Banken AB publ grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,771 shares of the company’s stock after purchasing an additional 3,673 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Equitable were worth $3,137,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Equitable in the first quarter valued at about $28,000. LRI Investments LLC acquired a new position in shares of Equitable in the 1st quarter worth approximately $45,000. Rise Advisors LLC grew its position in Equitable by 1,421.4% during the 1st quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after acquiring an additional 1,592 shares during the last quarter. GAMMA Investing LLC boosted its stake in Equitable by 26.4% in the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after purchasing an additional 405 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Equitable by 261.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after purchasing an additional 1,641 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the sale, the chief operating officer now owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total transaction of $429,564.21. Following the sale, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The disclosure for this sale can be found here. Insiders have sold a total of 73,469 shares of company stock valued at $3,067,434 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Performance

EQH stock opened at $42.11 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.50. The business’s fifty day moving average is $40.90 and its 200-day moving average is $39.56. The company has a market cap of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a yield of 2.28%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EQH shares. JPMorgan Chase & Co. upped their price target on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Morgan Stanley decreased their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. UBS Group cut shares of Equitable from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $40.00 to $43.00 in a research report on Tuesday, June 18th. Citigroup increased their price objective on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

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.