Wealthfront Advisers LLC Makes New $566,000 Investment in Equitable Holdings, Inc. (NYSE:EQH)

Wealthfront Advisers LLC acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,989 shares of the company's stock, valued at approximately $566,000.

A number of other hedge funds have also added to or reduced their stakes in EQH. Versant Capital Management Inc increased its position in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after purchasing an additional 352 shares during the period. Assetmark Inc. increased its position 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. MassMutual Private Wealth & Trust FSB boosted its holdings 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after buying an additional 409 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after buying an additional 817 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nick Lane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,032 shares of company stock valued at $5,443,966. 1.10% of the stock is owned by insiders.

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Equitable Stock Down 0.9 %

Equitable stock traded down $0.47 during mid-day trading on Thursday, reaching $52.29. The stock had a trading volume of 2,864,875 shares, compared to its average volume of 2,405,525. Equitable Holdings, Inc. has a one year low of $35.49 and a one year high of $56.00. The company has a 50-day moving average price of $52.60 and a two-hundred day moving average price of $47.79. 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 $16.09 billion, a price-to-earnings ratio of 13.69 and a beta of 1.39.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is 25.13%.

Analysts Set New Price Targets

A number of analysts have recently commented on EQH shares. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and boosted their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, February 28th. Finally, Morgan Stanley boosted their target price on shares of Equitable from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.75.

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.