Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Invst LLC

Invst LLC lifted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,165 shares of the company’s stock after acquiring an additional 365 shares during the period. Invst LLC’s holdings in Equitable were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. lifted its stake in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Mizuho Bank Ltd. lifted its stake in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after purchasing an additional 430 shares during the last quarter. McIlrath & Eck LLC lifted its stake in Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company’s stock valued at $65,000 after purchasing an additional 841 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Equitable by 298.3% during 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. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the transaction, the chief executive officer now owns 743,206 shares in the company, valued at $35,346,877.36. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,332 shares of company stock worth $5,976,400. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on EQH shares. JPMorgan Chase & Co. increased their target price on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their target price on shares of Equitable from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Wells Fargo & Company increased 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. Finally, UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.83.

Equitable Stock Down 0.5%

EQH stock opened at $51.85 on Friday. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The company’s 50 day simple moving average is $50.31 and its 200-day simple moving average is $50.21. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm has a market capitalization of $15.76 billion, a P/E ratio of 13.57 and a beta of 1.15.

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

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Equitable’s previous quarterly dividend of $0.24. Equitable’s dividend payout ratio is currently 29.35%.

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.