BNP Paribas Financial Markets Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

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

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of Equitable by 2.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,105,018 shares of the company's stock worth $52,124,000 after purchasing an additional 22,569 shares during the period. Algert Global LLC raised its holdings in shares of Equitable by 1,247.7% in the fourth quarter. Algert Global LLC now owns 270,240 shares of the company's stock worth $12,747,000 after buying an additional 250,188 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after buying an additional 1,236,799 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Equitable during the fourth quarter valued at $3,766,000. Finally, Westbourne Investments Inc. acquired a new position in shares of Equitable in the 4th quarter valued at $1,946,000. 92.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and increased their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. UBS Group raised shares of 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. Wells Fargo & Company upped their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI reduced their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Truist Financial upped their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.08.

Insider Buying and Selling

In other news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,332 shares of company stock valued at $4,141,315. Company insiders own 1.10% of the company's stock.

Equitable Price Performance

Shares of EQH stock traded up $0.17 during trading hours on Friday, reaching $51.36. The company had a trading volume of 2,425,297 shares, compared to its average volume of 2,610,965. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a fifty day moving average of $49.85 and a 200-day moving average of $49.67. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 13.45 and a beta of 1.15.

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

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 annualized dividend and a dividend yield of 1.87%. Equitable's dividend payout ratio is currently 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.