Comerica Bank Increases Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Comerica Bank boosted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,481 shares of the company's stock after buying an additional 46,314 shares during the quarter. Comerica Bank owned approximately 0.05% of Equitable worth $8,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Equitable in the fourth quarter valued at about $668,250,000. Wellington Management Group LLP grew its stake in shares of Equitable by 59.9% in the fourth 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 grew its stake in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after purchasing an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after purchasing an additional 1,261,466 shares during the last quarter. Finally, Amundi raised its position in Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after purchasing an additional 957,828 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares of the company's stock, 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 83,332 shares of company stock valued at $4,141,315 over the last ninety days. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EQH shares. Wells Fargo & Company upped their target price on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday. Truist Financial lifted their target price on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Morgan Stanley decreased their price target on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Evercore ISI reduced their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.08.

Equitable Stock Up 0.5 %

Equitable stock traded up $0.27 during mid-day trading on Friday, reaching $51.46. The stock had a trading volume of 604,196 shares, compared to its average volume of 2,602,798. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.00. The company has a 50-day moving average price of $49.85 and a two-hundred day moving average price of $49.64. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 13.47 and a beta of 1.15. 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 (NYSE:EQH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) 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 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 quarterly revenue was up 105.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. On average, analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is currently 26.09%.

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.