UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $120.67 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,558,239 shares of the company's stock after purchasing an additional 337,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.82% of Equitable worth $120,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EQH. Barclays PLC increased 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 worth $21,076,000 after acquiring an additional 59,844 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Equitable during the 4th quarter valued at approximately $212,000. UMB Bank n.a. grew its stake in Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company's stock valued at $92,000 after purchasing an additional 404 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of 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 purchasing an additional 209 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Stock Performance

NYSE:EQH traded up $2.10 during midday trading on Tuesday, reaching $53.90. 1,770,569 shares of the company traded hands, compared to its average volume of 2,587,311. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. 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 has a fifty day moving average price of $50.29 and a 200 day moving average price of $50.25. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.11 and a beta of 1.15.

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

Equitable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Equitable's previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 2nd. Equitable's dividend payout ratio (DPR) is 29.35%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EQH shares. Evercore ISI decreased their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, UBS Group reduced their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Equitable presently has an average rating of "Moderate Buy" and a consensus target price of $61.67.

Insider Activity

In related news, 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.90, for a total value of $1,587,000.00. Following the transaction, the chief executive officer now directly owns 733,206 shares of the company's stock, valued at $38,786,597.40. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,332 shares of company stock valued at $5,976,400. Company insiders own 1.10% of the company's stock.

About Equitable

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.