Candriam S.C.A. Has $2.09 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Candriam S.C.A. lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,283 shares of the company's stock after purchasing an additional 17,617 shares during the quarter. Candriam S.C.A.'s holdings in Equitable were worth $2,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its stake in 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 purchasing an additional 352 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after buying an additional 246 shares during the last quarter. Assetmark Inc. lifted its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Equitable by 298.3% in the 4th 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 during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after buying an additional 409 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Remove Ads

Equitable Stock Down 3.7 %

Shares of EQH traded down $1.88 on Thursday, hitting $49.55. 3,163,095 shares of the stock traded hands, compared to its average volume of 2,420,865. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a one year low of $34.67 and a one year high of $56.00. The company has a market capitalization of $15.25 billion, a PE ratio of 12.97 and a beta of 1.39. The business has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $47.46.

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

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued 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 yield of 1.94%. Equitable's payout ratio is 25.13%.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $315,368.46. Following the completion of the sale, the chief operating officer now owns 98,875 shares of the company's stock, valued at approximately $4,677,776.25. This represents a 6.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick Lane sold 25,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the transaction, the insider now directly owns 141,629 shares of the company's stock, valued at approximately $6,492,273.36. This represents a 15.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,698 shares of company stock worth $6,534,234. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. BMO Capital Markets upped their price objective on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their price target on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley raised their price objective on Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and an average price target of $57.75.

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.