Metis Global Partners LLC Purchases 6,164 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Metis Global Partners LLC lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,202 shares of the company's stock after acquiring an additional 6,164 shares during the quarter. Metis Global Partners LLC's holdings in Equitable were worth $1,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQH. Creative Planning boosted its stake in Equitable by 3.6% in the 3rd quarter. Creative Planning now owns 13,541 shares of the company's stock valued at $569,000 after purchasing an additional 476 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Equitable by 18.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company's stock valued at $315,000 after purchasing an additional 1,170 shares during the period. New York State Teachers Retirement System boosted its stake in Equitable by 0.8% in the 3rd quarter. New York State Teachers Retirement System now owns 142,781 shares of the company's stock valued at $6,001,000 after purchasing an additional 1,133 shares during the period. National Pension Service boosted its stake in Equitable by 23,851.6% in the 3rd quarter. National Pension Service now owns 396,399 shares of the company's stock valued at $16,661,000 after purchasing an additional 394,744 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Equitable by 27.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 161,038 shares of the company's stock valued at $6,768,000 after purchasing an additional 34,262 shares during the period. 92.70% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CAO William James Iv Eckert sold 1,700 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares in the company, valued at approximately $4,677,776.25. The trade was a 6.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,698 shares of company stock valued at $6,534,234. Company insiders own 1.10% of the company's stock.

Equitable Price Performance

EQH traded up $0.55 on Friday, reaching $50.41. The stock had a trading volume of 3,949,477 shares, compared to its average volume of 2,411,618. Equitable Holdings, Inc. has a fifty-two week low of $33.38 and a fifty-two week high of $56.00. The firm has a 50-day moving average of $52.07 and a 200-day moving average of $47.15. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 13.20 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. Equitable's payout ratio is 25.13%.

Analyst Ratings Changes

EQH has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial upped their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and upped their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Morgan Stanley upped their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.17.

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.