Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. grew its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 237.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,758,637 shares of the company's stock after purchasing an additional 1,236,799 shares during the period. Alyeska Investment Group L.P. owned approximately 0.56% of Equitable worth $82,955,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in 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 buying an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Equitable by 0.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock valued at $897,752,000 after purchasing an additional 79,999 shares during the period. Norges Bank purchased a new stake in Equitable in the 4th quarter valued at approximately $668,250,000. Wellington Management Group LLP increased its position in 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 period. Finally, Invesco Ltd. raised its stake 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 buying an additional 355,078 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company's stock, valued at $6,615,702.61. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,332 shares of company stock worth $4,141,315. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQH. Evercore ISI dropped their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and upped their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and raised their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Finally, 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. One research 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.com, Equitable has a consensus rating of "Moderate Buy" and a consensus price target of $61.33.

Equitable Stock Up 2.5 %

EQH stock opened at $50.49 on Friday. 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 company's 50 day simple moving average is $50.14 and its 200-day simple moving average is $49.49. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The firm has a market capitalization of $15.49 billion, a PE ratio of 13.22 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last announced its 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). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the company posted $1.43 EPS. Equitable's quarterly revenue was up 105.2% compared to the same quarter last year. Equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

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.

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