Harvest Fund Management Co. Ltd Grows Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Harvest Fund Management Co. Ltd boosted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 23,697.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,567 shares of the company's stock after acquiring an additional 8,531 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Equitable were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Equitable in the 3rd quarter worth $243,000. CIBC Asset Management Inc increased its holdings in shares of Equitable by 5.2% in the third quarter. CIBC Asset Management Inc now owns 11,765 shares of the company's stock worth $494,000 after buying an additional 584 shares during the period. Natixis Advisors LLC lifted its stake in shares of Equitable by 76.4% in the 3rd quarter. Natixis Advisors LLC now owns 33,321 shares of the company's stock valued at $1,400,000 after acquiring an additional 14,434 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Equitable during the 3rd quarter valued at about $1,974,000. Finally, Intech Investment Management LLC grew its position in Equitable by 4.7% during the 3rd quarter. Intech Investment Management LLC now owns 61,091 shares of the company's stock worth $2,568,000 after acquiring an additional 2,765 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of the business's 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 of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,332 shares of company stock valued at $5,364,610. 1.10% of the stock is owned by insiders.

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Analysts Set New Price Targets

EQH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Morgan Stanley upped their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Truist Financial increased their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and boosted their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.75.

Equitable Stock Down 0.4 %

Shares of EQH traded down $0.21 on Wednesday, reaching $54.09. The stock had a trading volume of 1,621,393 shares, compared to its average volume of 2,436,208. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39. The company has a 50-day simple moving average of $52.93 and a 200-day simple moving average of $48.18. Equitable Holdings, Inc. has a 12-month low of $35.49 and a 12-month 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS 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%. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

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.