Quantessence Capital LLC Invests $256,000 in Equitable Holdings, Inc. (NYSE:EQH)

Quantessence Capital LLC bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,422 shares of the company's stock, valued at approximately $256,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EQH. Wells Fargo & Company reduced their target price on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets upped their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Barclays increased their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, Truist Financial lifted their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Equitable has an average rating of "Moderate Buy" and a consensus price target of $60.91.

Equitable Stock Up 4.3 %

EQH stock opened at $47.57 on Wednesday. The business has a 50 day moving average of $50.84 and a 200 day moving average of $49.17. The firm has a market cap of $14.60 billion, a PE ratio of 12.45 and a beta of 1.23. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month 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 issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The stock was 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 directly owns 753,206 shares of the company's stock, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock worth $4,141,315 in the last three months. Insiders own 1.10% of the company's stock.

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.

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