1,143,254 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,143,254 shares of the company's stock, valued at approximately $53,927,000. BNP Paribas Financial Markets owned about 0.36% of Equitable at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQH. Price T Rowe Associates Inc. MD boosted its position in shares of Equitable by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock worth $1,003,705,000 after purchasing an additional 535,671 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Equitable by 0.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock worth $897,752,000 after purchasing an additional 79,999 shares in the last quarter. Norges Bank bought a new position in shares of Equitable during the 4th quarter worth about $668,250,000. Wellington Management Group LLP boosted 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 in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Equitable by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock worth $381,560,000 after purchasing an additional 355,078 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of several research reports. 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. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial raised their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Morgan Stanley dropped their price target 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. Finally, Evercore ISI dropped their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

Equitable Stock Performance

Shares of NYSE EQH traded up $2.27 during mid-day trading on Monday, reaching $53.61. 329,078 shares of the company's stock were exchanged, compared to its average volume of 2,603,400. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 14.04 and a beta of 1.15. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week 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 firm has a 50-day moving average price of $49.85 and a two-hundred day moving average price of $49.73.

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 analysts' consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. Analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued 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 1.79%. Equitable's dividend payout ratio (DPR) is presently 26.09%.

Insider Buying and Selling

In other news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $317,101.62. Following the sale, the chief operating officer now owns 101,646 shares in the company, valued at approximately $4,835,300.22. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by company insiders.

About Equitable

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.