Ensign Peak Advisors Inc Purchases 8,002 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Ensign Peak Advisors Inc boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,162,116 shares of the company's stock after purchasing an additional 8,002 shares during the quarter. Ensign Peak Advisors Inc owned 0.37% of Equitable worth $54,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EQH. Barclays PLC raised its position in shares of Equitable by 13.5% during the third quarter. Barclays PLC now owns 501,498 shares of the company's stock valued at $21,076,000 after buying an additional 59,844 shares during the last quarter. Principal Financial Group Inc. increased its stake in Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after acquiring an additional 148,180 shares during the period. Wedmont Private Capital acquired a new position in Equitable in the 4th quarter valued at approximately $201,000. Miracle Mile Advisors LLC bought a new stake in shares of Equitable in the 4th quarter worth approximately $295,000. Finally, Community Trust & Investment Co. increased its holdings in Equitable by 0.3% in the 4th quarter. Community Trust & Investment Co. now owns 323,797 shares of the company's stock valued at $15,273,000 after buying an additional 890 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Activity

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 5,000 shares of the firm'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 owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by company insiders.

Equitable Stock Down 1.5%

Shares of EQH traded down $0.80 on Thursday, hitting $52.90. The company's stock had a trading volume of 1,539,810 shares, compared to its average volume of 2,602,281. The firm's fifty day moving average price is $50.04 and its 200-day moving average price is $49.85. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 13.85 and a beta of 1.15.

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

Analysts Set New Price Targets

A number of equities analysts have commented on EQH shares. BMO Capital Markets boosted their price target on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Evercore ISI lowered their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.08.

Equitable Company 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.