Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Algert Global LLC

Algert Global LLC raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1,247.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,240 shares of the company's stock after buying an additional 250,188 shares during the quarter. Algert Global LLC owned about 0.09% of Equitable worth $12,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQH. JPMorgan Chase & Co. increased its holdings in shares of Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock valued at $38,191,000 after purchasing an additional 153,457 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Equitable during the 4th quarter worth $295,000. Principal Financial Group Inc. boosted its position in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after acquiring an additional 148,180 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Equitable by 11.7% in the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company's stock valued at $35,476,000 after purchasing an additional 78,725 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Equitable during the fourth quarter worth about $29,939,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Up 0.4 %

EQH stock traded up $0.22 during trading on Friday, hitting $51.41. 793,884 shares of the company's stock were exchanged, compared to its average volume of 2,987,540. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The business has a 50-day moving average price of $49.85 and a two-hundred day moving average price of $49.64. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 13.46 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The company had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the business earned $1.43 earnings per share. The company's quarterly revenue was up 105.2% on a year-over-year basis. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is currently 26.09%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Truist Financial increased their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their target price on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.08.

Insider Activity at Equitable

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock valued at $4,141,315 in the last three months. 1.10% of the stock is currently owned by company insiders.

Equitable 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.