Mirae Asset Global Investments Co. Ltd. Buys 38,512 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 93.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 79,693 shares of the company's stock after acquiring an additional 38,512 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Equitable were worth $3,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EQH. Truist Financial Corp raised its position in shares of Equitable by 32.3% during the 2nd quarter. Truist Financial Corp now owns 8,929 shares of the company's stock valued at $365,000 after acquiring an additional 2,180 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Equitable by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 23,832 shares of the company's stock valued at $974,000 after buying an additional 3,860 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Equitable in the 2nd quarter valued at $444,000. Cubist Systematic Strategies LLC bought a new stake in shares of Equitable in the 2nd quarter valued at $162,000. Finally, CWM LLC increased its position in shares of Equitable by 43.7% in the 3rd quarter. CWM LLC now owns 5,998 shares of the company's stock valued at $252,000 after buying an additional 1,823 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 25,000 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the sale, the insider now directly owns 141,629 shares in the company, valued at approximately $6,492,273.36. This trade represents a 15.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 629,939 shares of the company's stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,032 shares of company stock worth $7,587,971 in the last three months. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on EQH shares. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets began coverage on shares of Equitable in a research report on Thursday, January 23rd. They issued an "outperform" rating and a $70.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.67.

Equitable Stock Down 0.1 %

Shares of Equitable stock traded down $0.07 during trading hours on Wednesday, reaching $53.66. 2,292,398 shares of the company's stock were exchanged, compared to its average volume of 2,879,443. The company has a 50 day moving average of $49.76 and a two-hundred day moving average of $45.59. Equitable Holdings, Inc. has a fifty-two week low of $32.72 and a fifty-two week high of $54.82. 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 stock has a market cap of $16.81 billion, a P/E ratio of 14.05 and a beta of 1.39.

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 return on equity of 85.70% and a net margin of 10.51%. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.24 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Equitable's dividend payout ratio is 25.13%.

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.