4,831 Shares in Equitable Holdings, Inc. (NYSE:EQH) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,831 shares of the company's stock, valued at approximately $252,000.

Other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. purchased a new position in shares of Equitable in the first quarter worth approximately $26,000. Bessemer Group Inc. increased its position in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Assetmark Inc. increased its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Mizuho Bank Ltd. increased its position in shares of Equitable by 61.4% in the fourth 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, McIlrath & Eck LLC increased its position in shares of Equitable by 154.3% in the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Price Performance

NYSE EQH opened at $55.67 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $16.92 billion, a PE ratio of 15.13 and a beta of 1.15. The company has a 50 day moving average price of $52.96 and a two-hundred day moving average price of $51.45. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.61.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. Equitable's revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.94%. Equitable's payout ratio is 29.35%.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $352,698.06. Following the completion of the sale, the chief operating officer directly owned 94,980 shares in the company, valued at approximately $5,025,391.80. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the completion of the sale, the chief executive officer owned 724,367 shares of the company's stock, valued at $38,521,837.06. The trade was a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,332 shares of company stock valued at $5,993,760 over the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQH shares. UBS Group dropped their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Evercore ISI lowered their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.64.

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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