Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,022 shares of the company's stock after purchasing an additional 25,752 shares during the quarter. Pinebridge Investments L.P.'s holdings in Equitable were worth $5,803,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares during the period. Bessemer Group Inc. raised its holdings in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. boosted its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. grew its holdings in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after purchasing an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after buying an additional 1,265 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,332 shares of company stock worth $4,141,315. Company insiders own 1.10% of the company's stock.

Equitable Trading Up 1.5 %

Shares of EQH traded up $0.74 during midday trading on Monday, reaching $50.42. The company had a trading volume of 2,107,937 shares, compared to its average volume of 2,625,590. The firm has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $49.36. 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 stock has a market cap of $15.47 billion, a PE ratio of 13.20 and a beta of 1.23. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last released 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%. Research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.90%. Equitable's payout ratio is 25.13%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EQH shares. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Finally, Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.91.

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.