Wellington Management Group LLP Boosts Stake in Equitable Holdings, Inc. (NYSE:EQH)

Wellington Management Group LLP increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 59.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,817,020 shares of the company’s stock after acquiring an additional 3,303,449 shares during the period. Wellington Management Group LLP owned approximately 2.86% of Equitable worth $415,899,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EQH. Norges Bank purchased a new stake in shares of Equitable in the fourth quarter valued at approximately $668,250,000. State Street Corp increased its holdings in Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after acquiring an additional 338,205 shares in the last quarter. Amundi raised its position in Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after acquiring an additional 957,828 shares during the period. Principal Financial Group Inc. lifted its holdings in Equitable by 20.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after purchasing an additional 437,322 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $52.14 on Tuesday. The company’s 50-day moving average is $53.02 and its two-hundred day moving average is $48.56. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 13.65 and a beta of 1.39. 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 1-year low of $35.49 and a 1-year high of $56.00.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.84%. Equitable’s dividend payout ratio (DPR) is currently 25.13%.

Insider Buying and Selling at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the sale, the chief executive officer now owns 629,939 shares in the company, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock valued at $5,364,610 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EQH has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

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.