Lbp Am Sa Boosts Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Lbp Am Sa grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 560.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,462 shares of the company’s stock after purchasing an additional 137,033 shares during the quarter. Lbp Am Sa owned approximately 0.05% of Equitable worth $7,616,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in Equitable by 700.3% during the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after acquiring an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after purchasing an additional 1,261,466 shares in the last quarter. Amundi grew its position in shares of Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock valued at $130,351,000 after purchasing an additional 957,828 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Equitable by 1,092.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock valued at $41,302,000 after purchasing an additional 802,160 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Equitable during the 4th quarter worth about $29,939,000. 92.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQH. 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. Morgan Stanley boosted their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Barclays boosted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Truist Financial increased their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Equitable Trading Up 3.5 %

NYSE EQH opened at $51.28 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The stock’s 50-day simple moving average is $52.36 and its two-hundred day simple moving average is $47.48. Equitable Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $56.00. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 13.42 and a beta of 1.39.

Equitable (NYSE:EQH) last announced 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 net margin of 10.51% and a return on equity of 85.70%. Research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. Equitable’s payout ratio is 25.13%.

Insider Activity

In related news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly 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 legal filing with the SEC, which is available through this link. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the transaction, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. This trade represents a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,698 shares of company stock valued at $6,534,234. Corporate 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.