Equitable Holdings, Inc. (NYSE:EQH) Stake Boosted by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,541 shares of the company's stock after acquiring an additional 11,450 shares during the quarter. Intech Investment Management LLC's holdings in Equitable were worth $3,422,000 as of its most recent filing with the SEC.

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

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Equitable Price Performance

Shares of Equitable stock traded up $1.15 during trading on Monday, hitting $53.70. The stock had a trading volume of 2,229,581 shares, compared to its average volume of 2,442,975. The business has a fifty day moving average of $52.75 and a two-hundred day moving average of $47.99. The firm has a market cap of $16.53 billion, a P/E ratio of 14.06 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last posted 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 net margin of 10.51% and a return on equity of 85.70%. On average, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. Equitable's dividend payout ratio is currently 25.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets upped their target price on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Morgan Stanley increased their target price on Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays boosted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Wells Fargo & Company upped 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 stock. According to MarketBeat.com, Equitable currently has an average rating of "Moderate Buy" and a consensus target price of $57.75.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was 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 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 in the last three months. 1.10% of the stock is currently owned by corporate 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.