Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,029,638 shares of the company's stock after acquiring an additional 405,316 shares during the period. AQR Capital Management LLC owned approximately 0.33% of Equitable worth $48,568,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after acquiring an additional 352 shares during the last quarter. Bessemer Group Inc. increased its stake in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. lifted its position in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. boosted its stake in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after purchasing an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equitable by 298.3% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

Shares of EQH stock traded up $0.98 during mid-day trading on Wednesday, hitting $51.13. 334,331 shares of the stock were exchanged, compared to its average volume of 2,609,923. The stock's fifty day simple moving average is $49.99 and its two-hundred day simple moving average is $49.59. 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 Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 13.38 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results 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 for 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 company's quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. On average, analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is currently 26.09%.

Analyst Upgrades and Downgrades

EQH has been the subject of several recent research reports. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and raised their price target for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their price target on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Evercore ISI cut their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial lifted their price target 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. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.33.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 approximately $5,776,023.24. The trade was a 6.01 % 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 firm's stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is 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.