Equitable Holdings, Inc. (NYSE:EQH) Holdings Raised by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,301 shares of the company’s stock after purchasing an additional 4,269 shares during the quarter. QRG Capital Management Inc.’s holdings in Equitable were worth $4,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EQH. Versant Capital Management Inc lifted its position in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the last quarter. Covestor Ltd raised its stake in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. MassMutual Private Wealth & Trust FSB lifted 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 worth $80,000 after acquiring an additional 1,265 shares during the last quarter. Principal Securities Inc. lifted its holdings in Equitable by 82.7% in the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after acquiring an additional 817 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Equitable by 26.1% in the fourth quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock valued at $92,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 1.7 %

Shares of NYSE:EQH opened at $55.03 on Friday. The company has a 50 day moving average of $51.71 and a 200-day moving average of $46.87. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.94 billion, a P/E ratio of 14.41 and a beta of 1.39. Equitable Holdings, Inc. has a twelve month low of $32.96 and a twelve month high of $56.00.

Equitable (NYSE:EQH) last released its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.74%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQH. Wells Fargo & Company increased their price target on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Barclays increased their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets boosted 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. Two research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.17.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on 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. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the sale, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock valued at $6,534,234 over the last three months. Company insiders own 1.10% of the company’s stock.

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.