Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 370.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,677 shares of the company's stock after purchasing an additional 72,997 shares during the quarter. SG Americas Securities LLC's holdings in Equitable were worth $4,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. boosted its position in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. boosted its position in shares of Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the last quarter. McIlrath & Eck LLC boosted its position in shares of Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after acquiring an additional 841 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after acquiring an additional 409 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Performance

NYSE:EQH traded down $1.56 during midday trading on Friday, reaching $51.52. The stock had a trading volume of 2,147,600 shares, compared to its average volume of 2,549,966. The firm has a fifty day simple moving average of $50.97 and a two-hundred day simple moving average of $50.79. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month 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 stock has a market cap of $15.66 billion, a P/E ratio of 13.49 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business's quarterly revenue was up 105.2% on a year-over-year basis. On average, equities analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a dividend of $0.27 per share. This is a positive change from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, June 2nd. Equitable's payout ratio is presently 29.35%.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the transaction, the chief executive officer now directly owns 743,206 shares of the company's stock, valued at $35,346,877.36. This trade represents a 3.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,332 shares of company stock worth $4,186,000. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQH. JPMorgan Chase & Co. boosted their price target on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company upped their target price on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Evercore ISI dropped their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

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.