Natixis Advisors LLC Increases Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 109.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,871 shares of the company's stock after acquiring an additional 36,550 shares during the period. Natixis Advisors LLC's holdings in Equitable were worth $3,296,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EQH. GSA Capital Partners LLP acquired a new stake in Equitable in the third quarter valued at $243,000. Intech Investment Management LLC lifted its position in Equitable by 4.7% during the third quarter. Intech Investment Management LLC now owns 61,091 shares of the company's stock worth $2,568,000 after buying an additional 2,765 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Equitable by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company's stock valued at $91,000,000 after buying an additional 68,900 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Equitable by 25.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 221,465 shares of the company's stock valued at $9,308,000 after acquiring an additional 45,322 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Equitable during the 3rd quarter worth about $281,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. BMO Capital Markets raised their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $57.75.

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Insider Transactions at Equitable

In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company's stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the sale, the chief operating officer now owns 104,298 shares of the company's stock, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,332 shares of company stock worth $5,364,610 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Equitable Stock Performance

Shares of EQH traded down $0.21 during mid-day trading on Wednesday, hitting $54.09. 1,602,547 shares of the company's stock were exchanged, compared to its average volume of 3,007,646. The stock's 50-day simple moving average is $52.93 and its 200-day simple moving average is $48.18. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last announced its earnings results 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%. On average, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

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