Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Boosted by Capital International Investors

Capital International Investors grew its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 24.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,601,643 shares of the company's stock after acquiring an additional 508,030 shares during the quarter. Capital International Investors owned about 0.83% of Equitable worth $122,720,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of Equitable by 0.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock worth $897,752,000 after purchasing an additional 79,999 shares during the last quarter. Marshall Wace LLP boosted its position in Equitable by 31.6% during the fourth quarter. Marshall Wace LLP now owns 2,275,039 shares of the company's stock worth $107,314,000 after acquiring an additional 546,937 shares during the last quarter. Bridgewater Associates LP grew its stake in Equitable by 86.0% in the 4th quarter. Bridgewater Associates LP now owns 24,954 shares of the company's stock worth $1,177,000 after acquiring an additional 11,540 shares during the period. Mariner LLC raised its holdings in Equitable by 4.6% in the 4th quarter. Mariner LLC now owns 19,421 shares of the company's stock valued at $916,000 after acquiring an additional 854 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Equitable by 24.0% during the 4th quarter. Barclays PLC now owns 622,055 shares of the company's stock worth $29,342,000 after purchasing an additional 120,557 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and increased their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. One investment 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.91.

Equitable Stock Down 0.2 %

Equitable stock traded down $0.13 during trading on Friday, reaching $49.93. 491,957 shares of the company's stock were exchanged, compared to its average volume of 3,048,719. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 13.07 and a beta of 1.23. 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 52-week low of $36.46 and a 52-week high of $56.00. The company's 50-day moving average is $50.60 and its two-hundred day moving average is $49.22.

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

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

Insider Activity at Equitable

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