Unigestion Holding SA Has $1.47 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Unigestion Holding SA lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 69.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,207 shares of the company's stock after purchasing an additional 11,513 shares during the period. Unigestion Holding SA's holdings in Equitable were worth $1,469,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares in the last quarter. Assetmark Inc. increased its stake 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 last quarter. Mizuho Bank Ltd. lifted its holdings in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after purchasing an additional 430 shares during the last quarter. McIlrath & Eck LLC boosted its position in shares of Equitable by 154.3% in the fourth 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 period. Finally, Smartleaf Asset Management LLC raised its stake in Equitable by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after purchasing an additional 409 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Up 1.2%

Shares of EQH traded up $0.66 during mid-day trading on Thursday, reaching $53.59. 1,630,496 shares of the stock traded hands, compared to its average volume of 2,563,567. The stock has a fifty day simple moving average of $50.31 and a 200 day simple moving average of $50.47. 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 firm has a market cap of $16.29 billion, a price-to-earnings ratio of 14.03 and a beta of 1.15. 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 the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The firm's revenue was up 105.2% on a year-over-year basis. Sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The company 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. This represents a $1.08 annualized dividend and a yield of 2.02%. This is a boost from Equitable's previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 2nd. Equitable's payout ratio is presently 29.35%.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction 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. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was 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 valued at $5,976,400. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EQH shares. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group dropped their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. One equities 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, the company currently has a consensus 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.