Quantinno Capital Management LP Acquires 17,095 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Quantinno Capital Management LP boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,817 shares of the company's stock after buying an additional 17,095 shares during the period. Quantinno Capital Management LP's holdings in Equitable were worth $2,020,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Equitable by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock worth $1,003,705,000 after acquiring an additional 535,671 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Equitable by 0.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock worth $897,752,000 after purchasing an additional 79,999 shares during the last quarter. Norges Bank acquired a new position in Equitable in the 4th quarter worth about $668,250,000. Wellington Management Group LLP increased its position in Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after purchasing an additional 3,303,449 shares during the last quarter. Finally, Invesco Ltd. increased its position in Equitable by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock worth $381,560,000 after purchasing an additional 355,078 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on EQH shares. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and upped their target price for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley upped their price objective on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.83.

Insider Activity at Equitable

In other news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on 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 sale, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction 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 approximately $5,025,391.80. The trade was a 6.56% decrease in their position. 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 ninety days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Equitable stock traded down $0.28 during trading hours on Friday, hitting $51.85. 1,188,498 shares of the stock were exchanged, compared to its average volume of 2,590,592. The stock has a market capitalization of $15.76 billion, a P/E ratio of 13.57 and a beta of 1.15. The business's 50-day moving average is $50.31 and its two-hundred day moving average is $50.21. 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 12 month low of $36.46 and a 12 month high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last released 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). 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 last year, the company earned $1.43 earnings per share. The firm's revenue was up 105.2% on a year-over-year basis. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.08%. Equitable's dividend payout ratio (DPR) is 29.35%.

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.