Pictet Asset Management Holding SA Has $11.56 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Pictet Asset Management Holding SA raised its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,079 shares of the company's stock after purchasing an additional 96,729 shares during the period. Pictet Asset Management Holding SA owned about 0.08% of Equitable worth $11,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in Equitable by 53.5% in the third quarter. Cerity Partners LLC now owns 22,443 shares of the company's stock worth $943,000 after purchasing an additional 7,823 shares in the last quarter. FMR LLC increased its holdings in shares of Equitable by 27.4% in the 3rd quarter. FMR LLC now owns 710,951 shares of the company's stock valued at $29,881,000 after acquiring an additional 152,847 shares during the last quarter. Holocene Advisors LP raised its position in shares of Equitable by 486.6% during the 3rd quarter. Holocene Advisors LP now owns 157,085 shares of the company's stock valued at $6,602,000 after acquiring an additional 130,306 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Equitable by 1,309.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 242,163 shares of the company's stock worth $10,178,000 after purchasing an additional 224,987 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in Equitable by 21.2% in the third quarter. Investment Management Corp of Ontario now owns 20,040 shares of the company's stock worth $842,000 after purchasing an additional 3,500 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares in the company, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is owned by corporate insiders.

Equitable Price Performance

Equitable stock traded down $0.27 during trading hours on Monday, hitting $44.84. 5,522,085 shares of the company traded hands, compared to its average volume of 2,597,027. The firm's 50-day simple moving average is $52.66 and its two-hundred day simple moving average is $48.85. The firm has a market cap of $13.76 billion, a P/E ratio of 11.74 and a beta of 1.23. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year 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.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share 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, analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is currently 25.13%.

Analysts Set New Price Targets

A number of analysts have weighed in on EQH shares. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and increased their target price for the stock from $49.00 to $77.00 in a report on Wednesday, April 2nd. Morgan Stanley raised their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial raised their price target on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and an average price target of $60.75.

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.