Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,275,039 shares of the company's stock after purchasing an additional 546,937 shares during the period. Marshall Wace LLP owned 0.73% of Equitable worth $107,314,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. grew its stake in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. raised its holdings in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after purchasing an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQH. Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley decreased their target price 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. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and boosted their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. 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 data from MarketBeat, Equitable has an average rating of "Moderate Buy" and an average price target of $60.91.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by company insiders.

Equitable Price Performance

Shares of Equitable stock traded up $1.49 on Tuesday, hitting $47.10. 293,557 shares of the company traded hands, compared to its average volume of 2,623,576. The stock has a market capitalization of $14.45 billion, a P/E ratio of 12.31 and a beta of 1.23. The business has a 50-day simple moving average of $50.96 and a 200 day simple moving average of $49.19. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.00. 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 (NYSE:EQH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 2.04%. Equitable's payout ratio is 25.13%.

About Equitable

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.