Nuveen Asset Management LLC Purchases 23,631 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Nuveen Asset Management LLC increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,428,600 shares of the company's stock after acquiring an additional 23,631 shares during the quarter. Nuveen Asset Management LLC owned about 0.46% of Equitable worth $67,387,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Assetmark Inc. increased its holdings in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in Equitable by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after buying an additional 209 shares in the last quarter. Truist Financial Corp grew its holdings in Equitable by 2.8% in the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after buying an additional 257 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after buying an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock valued at $202,000 after buying an additional 278 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of EQH traded down $0.28 during trading hours on Friday, hitting $51.85. 1,188,498 shares of the company were exchanged, compared to its average volume of 2,591,185. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 13.57 and a beta of 1.15. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm's fifty day moving average is $50.31 and its 200 day moving average is $50.21.

Equitable (NYSE:EQH - Get Free Report) last announced 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). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. Equitable's quarterly revenue was up 105.2% compared to the same quarter last year. On average, equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be given a dividend of $0.27 per share. This is an increase from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, June 2nd. Equitable's dividend payout ratio is currently 26.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EQH. BMO Capital Markets upped their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.83.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $317,101.62. Following the completion of the transaction, the chief operating officer now directly owns 101,646 shares in the company, valued at approximately $4,835,300.22. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were 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 represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,332 shares of company stock worth $5,976,400 in the last ninety days. 1.10% of the stock is owned by insiders.

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.