Proficio Capital Partners LLC Buys Shares of 101,312 Equitable Holdings, Inc. (NYSE:EQH)

Proficio Capital Partners LLC bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 101,312 shares of the company's stock, valued at approximately $4,779,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQH. Versant Capital Management Inc lifted its stake 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 in the last quarter. Covestor Ltd raised its position in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Equitable by 298.3% during the 4th 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 during the last quarter. Principal Securities Inc. grew its position in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock worth $85,000 after buying an additional 817 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company's stock worth $92,000 after acquiring an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

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Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the sale, the chief executive officer now directly owns 639,939 shares in the company, valued at $30,275,514.09. The trade was a 4.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares of the company's stock, valued at $4,677,776.25. The trade was a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on EQH shares. Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Wells Fargo & Company lifted their price objective on shares of Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Barclays increased 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. Finally, Morgan Stanley lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.17.

Equitable Stock Performance

EQH stock traded up $0.55 on Friday, reaching $50.41. The company's stock had a trading volume of 3,949,467 shares, compared to its average volume of 2,412,967. Equitable Holdings, Inc. has a 52 week low of $33.28 and a 52 week high of $56.00. The firm has a fifty day moving average of $52.07 and a two-hundred day moving average of $47.15. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company has a market capitalization of $15.52 billion, a P/E ratio of 13.20 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results 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%. As a group, analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable's payout ratio is currently 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.