DRW Securities LLC Makes New Investment in Equitable Holdings, Inc. (NYSE:EQH)

DRW Securities LLC purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,700 shares of the company's stock, valued at approximately $1,542,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in Equitable by 17.4% in the 3rd quarter. Quantinno Capital Management LP now owns 25,722 shares of the company's stock valued at $1,081,000 after purchasing an additional 3,815 shares during the period. iA Global Asset Management Inc. raised its holdings in Equitable by 42.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 7,407 shares of the company's stock valued at $311,000 after acquiring an additional 2,194 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Equitable by 302.2% during the 3rd quarter. National Bank of Canada FI now owns 172,906 shares of the company's stock valued at $7,267,000 after acquiring an additional 129,913 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Equitable by 134.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,482 shares of the company's stock worth $693,000 after purchasing an additional 9,464 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Equitable by 13.5% during the 3rd quarter. Barclays PLC now owns 501,498 shares of the company's stock worth $21,076,000 after acquiring an additional 59,844 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Price Performance

NYSE:EQH traded up $0.34 during trading hours on Tuesday, hitting $47.58. 842,935 shares of the stock were exchanged, compared to its average volume of 2,622,258. The company has a market cap of $14.60 billion, a P/E ratio of 12.46 and a beta of 1.23. The firm's fifty day moving average price is $51.64 and its 200 day moving average price is $49.03. Equitable Holdings, Inc. has a 52-week low of $35.49 and a 52-week 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.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is presently 25.13%.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 629,939 shares of the company's stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total value 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 represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,332 shares of company stock valued at $5,364,610 over the last quarter. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQH. Morgan Stanley dropped their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Truist Financial lifted their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their target price on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.91.

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.