Natixis Invests $12.80 Million in Equitable Holdings, Inc. (NYSE:EQH)

Natixis acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 271,357 shares of the company's stock, valued at approximately $12,800,000. Natixis owned approximately 0.09% of Equitable at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EQH. Barclays PLC increased its holdings in shares of Equitable by 13.5% during the third quarter. Barclays PLC now owns 501,498 shares of the company's stock worth $21,076,000 after buying an additional 59,844 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Equitable by 2.9% in the third quarter. Retirement Systems of Alabama now owns 388,430 shares of the company's stock valued at $16,326,000 after buying an additional 11,085 shares during the last quarter. Principal Financial Group Inc. lifted its position in Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock worth $89,001,000 after buying an additional 148,180 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after acquiring an additional 153,457 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Up 2.7 %

NYSE EQH traded up $1.30 during trading hours on Wednesday, reaching $48.90. 2,381,525 shares of the company's stock were exchanged, compared to its average volume of 2,634,377. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 12.80 and a beta of 1.23. The company's 50-day moving average is $50.71 and its two-hundred day moving average is $49.17. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS 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%. On average, analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.96%. Equitable's dividend payout ratio is currently 25.13%.

Insider Buying and Selling at Equitable

In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,332 shares of company stock worth $4,141,315. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. BMO Capital Markets raised 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. Barclays boosted their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.91.

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.