Wellington Management Group LLP Grows Position in Equitable Holdings, Inc. (NYSE:EQH)

Wellington Management Group LLP raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 59.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,817,020 shares of the company's stock after purchasing an additional 3,303,449 shares during the period. Wellington Management Group LLP owned 2.86% of Equitable worth $415,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EQH. Versant Capital Management Inc boosted 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 acquiring an additional 352 shares in the last quarter. Assetmark Inc. boosted its holdings in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after purchasing an additional 1,265 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after purchasing an additional 409 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock worth $85,000 after purchasing an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

Shares of EQH traded down $5.21 during trading hours on Friday, hitting $45.00. The stock had a trading volume of 7,305,970 shares, compared to its average volume of 2,585,327. The firm has a 50-day moving average price of $52.83 and a 200 day moving average price of $48.78. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 11.78 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 2.13%. Equitable's dividend payout ratio is currently 25.13%.

Insider Buying and Selling at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nick Lane sold 5,000 shares of the business'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 sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their price target on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Barclays boosted their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley lifted their target price on Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and increased their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Equitable has an average rating of "Moderate Buy" and an average target price of $60.75.

Equitable Company 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.