LPL Financial LLC Has $2.89 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

LPL Financial LLC raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,325 shares of the company's stock after purchasing an additional 5,724 shares during the quarter. LPL Financial LLC's holdings in Equitable were worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EQH. Versant Capital Management Inc boosted its stake in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after purchasing an additional 352 shares in the last quarter. Assetmark Inc. raised its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 acquiring an additional 1,265 shares in the last quarter. Smartleaf Asset Management LLC raised 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 valued at $80,000 after purchasing an additional 409 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Equitable by 82.7% in the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after buying an additional 817 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Stock Up 0.5 %

Shares of Equitable stock traded up $0.24 during trading on Thursday, reaching $46.59. The stock had a trading volume of 234,495 shares, compared to its average volume of 2,615,849. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 12.19 and a beta of 1.23. Equitable Holdings, Inc. has a 52 week low of $35.51 and a 52 week high of $56.00. The stock has a fifty day moving average price of $51.40 and a two-hundred day moving average price of $49.00.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.06%. Equitable's payout ratio is 25.13%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQH. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and raised their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Morgan Stanley cut their price target on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their target price on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Truist Financial boosted their price target 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, Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.91.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated 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 owns 104,298 shares in the company, valued at approximately $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 the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now owns 753,206 shares of the company's stock, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by insiders.

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.