Alyeska Investment Group L.P. Raises Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Alyeska Investment Group L.P. increased its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 237.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,758,637 shares of the company's stock after purchasing an additional 1,236,799 shares during the quarter. Alyeska Investment Group L.P. owned about 0.56% of Equitable worth $82,955,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after buying an additional 352 shares in the last quarter. Bessemer Group Inc. raised its position in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Assetmark Inc. boosted its position in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. increased its stake in shares of Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after buying an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now owns 139,073 shares of the company's stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock valued at $4,141,315 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company increased their price target on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. 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 note on Thursday, May 1st. Keefe, Bruyette & Woods upped their price objective on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday. 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 report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.08.

Equitable Trading Up 2.2 %

Shares of NYSE EQH traded up $1.10 during midday trading on Thursday, hitting $52.01. The company's stock had a trading volume of 722,803 shares, compared to its average volume of 2,603,306. The firm has a market cap of $15.96 billion, a P/E ratio of 13.62 and a beta of 1.15. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The business's 50 day moving average is $49.91 and its two-hundred day moving average is $49.60.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue 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. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) 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.