Ameriprise Financial Inc. Purchases 22,569 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Ameriprise Financial Inc. boosted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,105,018 shares of the company's stock after purchasing an additional 22,569 shares during the period. Ameriprise Financial Inc. owned about 0.35% of Equitable worth $52,124,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EQH. Norges Bank purchased a new stake in Equitable during the fourth quarter valued at approximately $668,250,000. Wellington Management Group LLP grew its position 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 acquiring an additional 3,303,449 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after purchasing an additional 1,261,466 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Equitable by 237.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after purchasing an additional 1,236,799 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in Equitable during the fourth quarter valued at $48,472,000. 92.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the sale, the chief executive officer now directly owns 743,206 shares of the company's stock, valued at approximately $35,346,877.36. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock worth $4,141,315 in the last ninety days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Shares of EQH stock opened at $51.36 on Friday. The stock's 50-day moving average is $49.85 and its 200 day moving average is $49.70. 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. The company has a market cap of $15.61 billion, a P/E ratio of 13.45 and a beta of 1.15.

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

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date of this dividend 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 26.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EQH shares. BMO Capital Markets lifted their target price 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. UBS Group upgraded 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 research report on Wednesday, April 2nd. Truist Financial increased their target price on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Wells Fargo & Company boosted their price target on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley reduced their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

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.

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