Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 4,628.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,550 shares of the company's stock after acquiring an additional 16,200 shares during the period. Hillsdale Investment Management Inc.'s holdings in Equitable were worth $781,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after purchasing an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after buying an additional 1,261,466 shares during the last quarter. Amundi increased its stake in Equitable by 56.3% in the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after buying an additional 957,828 shares during the period. Wedge Capital Management L L P NC raised its position in Equitable by 1,092.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company's stock worth $41,302,000 after buying an additional 802,160 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Equitable in the 4th quarter worth $29,939,000. 92.70% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. This represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nick Lane sold 25,000 shares of the business'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 transaction of $1,291,250.00. Following the completion of the sale, the insider now owns 121,629 shares of the company's stock, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EQH. BMO Capital Markets increased their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Morgan Stanley raised their target price on Equitable from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.75.

Equitable Price Performance

NYSE:EQH traded down $0.21 during trading hours on Wednesday, reaching $54.09. 1,621,393 shares of the company traded hands, compared to its average volume of 2,438,443. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm's 50-day moving average is $52.98 and its 200-day moving average is $48.23. The stock has a market cap of $16.65 billion, a P/E ratio of 14.16 and a beta of 1.39. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00.

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 analysts' consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend 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.