BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in Equitable Holdings, Inc. (NYSE:EQH)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,051 shares of the company's stock, valued at approximately $521,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock valued at $38,191,000 after acquiring an additional 153,457 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Equitable in the 4th quarter valued at approximately $295,000. Principal Financial Group Inc. increased its stake 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 purchasing an additional 148,180 shares in the last quarter. Vest Financial LLC raised its holdings in Equitable by 11.7% during the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company's stock worth $35,476,000 after buying an additional 78,725 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Equitable in the fourth quarter valued at approximately $29,939,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EQH shares. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft upgraded 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, UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and boosted their target price for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and a consensus target price of $60.91.

Insider Activity

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock valued at $4,141,315 over the last three months. Insiders own 1.10% of the company's stock.

Equitable Stock Up 1.5 %

Shares of NYSE:EQH traded up $0.74 during midday trading on Monday, hitting $50.42. The stock had a trading volume of 2,107,937 shares, compared to its average volume of 2,625,590. The company has a market cap of $15.47 billion, a P/E ratio of 13.20 and a beta of 1.23. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The business's 50-day simple moving average is $50.49 and its 200-day simple moving average is $49.36. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH - Get Free Report) last announced 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 net margin of 10.51% and a return on equity of 85.70%. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. Equitable's payout ratio is 25.13%.

Equitable Company 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.