Daiwa Securities Group Inc. Purchases 20,382 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Daiwa Securities Group Inc. increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,975 shares of the company's stock after buying an additional 20,382 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Equitable were worth $2,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQH. JPMorgan Chase & Co. grew its stake in shares of Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Equitable in the fourth quarter valued at $295,000. Principal Financial Group Inc. lifted its stake in Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after acquiring an additional 148,180 shares during the last quarter. Vest Financial LLC grew its position in shares of Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company's stock valued at $35,476,000 after acquiring an additional 78,725 shares during the period. Finally, Qsemble Capital Management LP grew its holdings in Equitable by 902.4% during the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company's stock worth $3,298,000 after purchasing an additional 70,629 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Performance

NYSE:EQH opened at $49.55 on Friday. The stock's 50-day moving average is $52.32 and its 200-day moving average is $47.46. The stock has a market cap of $15.25 billion, a P/E ratio of 12.97 and a beta of 1.39. Equitable Holdings, Inc. has a 1-year low of $34.95 and a 1-year high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

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Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

Insider Buying and Selling at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,698 shares of company stock valued at $6,534,234. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

EQH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Morgan Stanley raised their price target on shares of Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.75.

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.

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