Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 188,875 shares of the company's stock, valued at approximately $8,909,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQH. Bessemer Group Inc. grew its holdings in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. boosted its position in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. grew its stake in shares of Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after purchasing an additional 430 shares during the period. McIlrath & Eck LLC increased its holdings 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 purchasing an additional 841 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Equitable by 31.5% in the 4th 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 during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

NYSE EQH traded down $0.26 during trading hours on Wednesday, hitting $53.35. 421,665 shares of the company's stock traded hands, compared to its average volume of 2,562,403. The company has a market capitalization of $16.21 billion, a PE ratio of 13.97 and a beta of 1.15. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The firm's 50-day moving average is $50.28 and its 200-day moving average is $50.45.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results 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 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 analysts' expectations of $4.05 billion. During the same quarter last year, the company earned $1.43 earnings per share. Equitable's revenue for the quarter was up 105.2% on a year-over-year basis. Equities analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be issued a $0.27 dividend. This is a boost from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, June 2nd. Equitable's dividend payout ratio is presently 29.35%.

Analyst Ratings Changes

Several research firms recently commented on EQH. Wells Fargo & Company raised their price target on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. UBS Group reduced their price target on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Evercore ISI lowered their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial boosted their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Insiders Place Their Bets

In related news, 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 directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now owns 139,073 shares of the company's stock, valued at $6,615,702.61. The trade was a 3.47% 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 in the last three months. 1.10% of the stock is currently owned by 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.