Deutsche Bank AG Decreases Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Deutsche Bank AG lowered its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,314,791 shares of the company’s stock after selling 98,446 shares during the period. Deutsche Bank AG owned approximately 0.42% of Equitable worth $62,019,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after buying an additional 357 shares in the last quarter. Assetmark Inc. increased its position in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. lifted its stake in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after acquiring an additional 430 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after purchasing an additional 409 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company upped their target price on shares of Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Evercore ISI reduced their price target on shares of Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Finally, UBS Group raised Equitable from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $77.00 in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Equitable Trading Up 5.0%

NYSE:EQH opened at $53.90 on Tuesday. The firm has a market capitalization of $16.38 billion, a P/E ratio of 14.11 and a beta of 1.15. The business has a 50 day simple moving average of $49.88 and a 200 day simple moving average of $49.79. 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 12-month low of $36.46 and a 12-month high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm posted $1.43 EPS. The business’s revenue was up 105.2% compared to the same quarter last year. Equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is 26.09%.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares of the company’s stock, valued at $38,534,018.96. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is owned by company insiders.

About Equitable

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.