APG Asset Management N.V. Invests $7.51 Million in Equitable Holdings, Inc. (NYSE:EQH)

APG Asset Management N.V. acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 164,900 shares of the company's stock, valued at approximately $7,512,000. APG Asset Management N.V. owned approximately 0.05% of Equitable as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Equitable by 195.6% during the fourth 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 period. Assetmark Inc. boosted its position in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. lifted its position in shares of Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 409 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on 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 owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 83,332 shares of company stock worth $4,141,315. Insiders own 1.10% of the company's stock.

Equitable Stock Up 1.9 %

Equitable stock traded up $0.90 during midday trading on Thursday, hitting $47.25. The stock had a trading volume of 641,429 shares, compared to its average volume of 2,617,668. 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 business has a fifty day moving average price of $51.40 and a 200 day moving average price of $49.00. Equitable Holdings, Inc. has a 12 month low of $35.51 and a 12 month high of $56.00. The stock has a market cap of $14.50 billion, a P/E ratio of 12.33 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results 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 net margin of 10.51% and a return on equity of 85.70%. 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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. BMO Capital Markets lifted their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. 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 note on Thursday, April 10th. Wells Fargo & Company lowered their price objective on Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their price target on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.91.

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.