49,759 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 49,759 shares of the company's stock, valued at approximately $2,347,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQH. Versant Capital Management Inc grew its holdings in shares of 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 last quarter. Covestor Ltd boosted its position in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the 3rd quarter worth about $48,000. UMB Bank n.a. raised its stake in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after purchasing an additional 718 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew 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 valued at $80,000 after acquiring an additional 1,265 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQH. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. BMO Capital Markets began coverage on Equitable in a research report on Thursday, January 23rd. They set an "outperform" rating and a $70.00 price objective for the company. 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, Wells Fargo & Company decreased their price target on Equitable from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.67.

Insider Activity

In other news, CAO William James Iv Eckert sold 1,700 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 161,698 shares of company stock worth $7,904,806 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Equitable Trading Up 0.4 %

Shares of EQH stock traded up $0.20 during mid-day trading on Wednesday, reaching $53.45. The stock had a trading volume of 4,248,491 shares, compared to its average volume of 2,816,143. Equitable Holdings, Inc. has a 52-week low of $32.54 and a 52-week high of $54.82. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock's 50-day moving average price is $49.32 and its two-hundred day moving average price is $45.26. The firm has a market capitalization of $16.75 billion, a PE ratio of -49.03 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equities analysts expect that Equitable Holdings, Inc. will post 6 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. Equitable's dividend payout ratio is presently -88.07%.

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.