AQR Capital Management LLC Increases Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

AQR Capital Management LLC grew its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 64.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,638 shares of the company's stock after buying an additional 405,316 shares during the quarter. AQR Capital Management LLC owned about 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 modified their holdings of EQH. 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 period. Bessemer Group Inc. lifted its stake in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. boosted its holdings in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after buying an additional 1,265 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the sale, the insider now owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % 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 valued at $4,141,315 over the last quarter. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI dropped their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and lifted their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Equitable presently has a consensus rating of "Moderate Buy" and an average target price of $61.33.

Equitable Trading Down 0.2 %

EQH traded down $0.12 during trading on Monday, hitting $50.34. The company's stock had a trading volume of 2,173,194 shares, compared to its average volume of 2,619,905. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The firm's 50 day moving average price is $50.14 and its 200-day moving average price is $49.56. 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 stock has a market cap of $15.45 billion, a PE ratio of 13.18 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last issued 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). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm's quarterly revenue was up 105.2% on a year-over-year basis. On average, analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 1.91%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is 26.09%.

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.