NBC Securities Inc. Buys 12,457 Shares of Equitable Holdings, Inc. (NYSE:EQH)

NBC Securities Inc. lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 113,245.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,468 shares of the company's stock after buying an additional 12,457 shares during the period. NBC Securities Inc.'s holdings in Equitable were worth $649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. boosted its position in 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 period. Truist Financial Corp lifted its holdings in Equitable by 2.8% in 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 period. Jones Financial Companies Lllp grew its position 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. Colonial Trust Co SC increased its stake in Equitable by 7.0% during 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 during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after buying an additional 283 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQH has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Evercore ISI dropped their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Equitable has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

Equitable Stock Up 2.4%

EQH stock traded up $1.26 during trading hours on Friday, hitting $54.87. The company's stock had a trading volume of 1,799,594 shares, compared to its average volume of 2,558,938. The stock has a 50 day moving average price of $50.34 and a two-hundred day moving average price of $50.51. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The company has a market capitalization of $16.67 billion, a PE ratio of 14.36 and a beta of 1.15. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

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

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $0.27 dividend. This is a positive change from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, June 2nd. Equitable's payout ratio is 29.35%.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $352,698.06. Following the sale, the chief operating officer now 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 filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This trade represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,332 shares of company stock valued at $5,976,400 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Equitable Company 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.