Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Lbp Am Sa

LBP AM SA raised its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 560.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,462 shares of the company's stock after acquiring an additional 137,033 shares during the quarter. LBP AM SA owned approximately 0.05% of Equitable worth $7,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of EQH. State Street Corp grew its position in shares of Equitable by 2.7% during the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company's stock worth $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Equitable by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company's stock worth $231,735,000 after buying an additional 161,376 shares in the last quarter. Amundi grew its position in shares of Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock worth $130,351,000 after buying an additional 957,828 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company's stock worth $120,529,000 after buying an additional 437,322 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Equitable by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company's stock worth $93,322,000 after buying an additional 54,380 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial increased their price target on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets raised their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price objective on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.75.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now directly owns 92,209 shares of the company's stock, valued at $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,032 shares of company stock worth $5,443,966 over the last three months. 1.10% of the stock is currently owned by insiders.

Equitable Stock Up 2.4 %

Equitable stock traded up $1.22 during midday trading on Wednesday, reaching $52.84. The company's stock had a trading volume of 3,005,460 shares, compared to its average volume of 2,405,733. The stock's 50-day simple moving average is $52.52 and its 200-day simple moving average is $47.76. 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 Holdings, Inc. has a 52-week low of $35.48 and a 52-week high of $56.00. The stock has a market capitalization of $16.27 billion, a P/E ratio of 13.83 and a beta of 1.39.

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

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, March 5th. 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.