Tower Research Capital LLC TRC Increases Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Tower Research Capital LLC TRC boosted its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 194.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,853 shares of the company's stock after acquiring an additional 16,407 shares during the period. Tower Research Capital LLC TRC's holdings in Equitable were worth $1,172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its holdings in Equitable by 0.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock valued at $897,752,000 after purchasing an additional 79,999 shares during the last quarter. Norges Bank bought a new stake in shares of Equitable in the fourth quarter valued at approximately $668,250,000. Wellington Management Group LLP lifted its stake in shares of Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Invesco Ltd. boosted its holdings in Equitable by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock worth $381,560,000 after buying an additional 355,078 shares during the period. Finally, First Trust Advisors LP grew its stake in Equitable by 5.0% in the 4th quarter. First Trust Advisors LP now owns 7,840,415 shares of the company's stock valued at $369,832,000 after buying an additional 375,232 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Price Performance

EQH stock 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 moving average price of $50.49 and a 200-day moving average price of $49.36. The company has a market capitalization of $15.47 billion, a P/E 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. 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 (NYSE:EQH - Get Free Report) last announced its earnings results 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%. On average, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. Equitable's dividend payout ratio is 25.13%.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $317,101.62. Following the completion of the sale, the chief operating officer now directly owns 101,646 shares of the company's stock, valued at $4,835,300.22. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 value of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock worth $4,141,315 in the last quarter. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company decreased their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods increased their price target on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Finally, BMO Capital Markets boosted their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.