BI Asset Management Fondsmaeglerselskab A S Takes $521,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,051 shares of the company's stock, valued at approximately $521,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Equitable in the fourth quarter valued at $668,250,000. Wellington Management Group LLP increased 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 worth $415,899,000 after purchasing an additional 3,303,449 shares during the last quarter. Nordea Investment Management AB lifted its position in Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after buying an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after buying an additional 1,261,466 shares during the period. Finally, Amundi increased its position in shares of Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after acquiring an additional 957,828 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Down 3.1 %

Shares of Equitable stock traded down $1.56 on Wednesday, reaching $49.46. 5,460,938 shares of the company were exchanged, compared to its average volume of 2,639,228. The stock's 50 day moving average price is $50.28 and its 200-day moving average price is $49.41. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The company has a market cap of $15.18 billion, a P/E ratio of 12.95 and a beta of 1.23.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction 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 sale, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick Lane sold 5,000 shares of the business's 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 directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EQH. Wells Fargo & Company decreased their price objective on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and raised their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.91.

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.