Equitable Holdings, Inc. (NYSE:EQH) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew 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 purchasing an additional 199 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Equitable by 3.3% during 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 during the last quarter. Truist Financial Corp lifted its stake in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after purchasing an additional 257 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after purchasing an additional 266 shares during the last quarter. Finally, Colonial Trust Co SC increased its position in Equitable by 7.0% in the fourth quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $352,698.06. Following the completion of the sale, the chief operating officer now directly owns 94,980 shares of the company's stock, valued at $5,025,391.80. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $255,600.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 118,332 shares of company stock worth $5,976,400. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Up 0.4%

Shares of NYSE:EQH traded up $0.21 during midday trading on Thursday, reaching $53.20. The company had a trading volume of 395,231 shares, compared to its average volume of 2,864,764. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 13.92 and a beta of 1.15. The company has a fifty day simple moving average of $50.33 and a two-hundred day simple moving average of $50.30.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $1.43 EPS. The company's revenue for the quarter was up 105.2% compared to the same quarter last year. Research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.27 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 2.03%. Equitable's dividend payout ratio (DPR) is presently 29.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on EQH shares. JPMorgan Chase & Co. raised their price target on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. UBS Group lowered their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. BMO Capital Markets raised their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their target price on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Equitable has an average rating of "Moderate Buy" and a consensus price target of $61.67.

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.