Polymer Capital Management US LLC Acquires New Shares in Equitable Holdings, Inc. (NYSE:EQH)

Polymer Capital Management US LLC bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,781 shares of the company's stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQH. FMR LLC increased its position in shares of Equitable by 27.4% during the third quarter. FMR LLC now owns 710,951 shares of the company's stock worth $29,881,000 after buying an additional 152,847 shares during the period. Quantinno Capital Management LP grew its holdings in Equitable by 17.4% during the 3rd quarter. Quantinno Capital Management LP now owns 25,722 shares of the company's stock worth $1,081,000 after acquiring an additional 3,815 shares during the period. State Street Corp raised its position in shares of Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company's stock worth $545,418,000 after acquiring an additional 338,205 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company's stock valued at $231,735,000 after purchasing an additional 161,376 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in shares of Equitable by 42.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 7,407 shares of the company's stock valued at $311,000 after purchasing an additional 2,194 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and raised their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.91.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock worth $5,364,610 in the last ninety days. Company insiders own 1.10% of the company's stock.

Equitable Stock Up 1.4 %

Shares of EQH stock traded up $0.64 during trading hours on Friday, reaching $46.44. The company had a trading volume of 4,802,470 shares, compared to its average volume of 2,626,446. The company has a market cap of $14.25 billion, a price-to-earnings ratio of 12.16 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The business has a fifty day simple moving average of $51.77 and a 200-day simple moving average of $48.99.

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

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is presently 25.13%.

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.