5,141 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by USA Financial Formulas

USA Financial Formulas acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,141 shares of the company's stock, valued at approximately $268,000.

Other large investors also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Equitable in the 1st quarter valued at about $26,000. Bessemer Group Inc. increased its holdings in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. increased its holdings in 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 in the last quarter. Mizuho Bank Ltd. increased its holdings in 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 in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Trading Down 2.9%

Shares of EQH traded down $1.56 during mid-day trading on Friday, hitting $51.52. The company had a trading volume of 2,147,600 shares, compared to its average volume of 2,548,973. The business's 50-day simple moving average is $50.97 and its 200-day simple moving average is $50.77. 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 Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The stock has a market cap of $15.66 billion, a PE ratio of 13.49 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last posted 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 net margin of 10.51% and a return on equity of 85.70%. The business had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The company's quarterly revenue was up 105.2% on a year-over-year basis. Sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%. This is a positive change from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is currently 29.35%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EQH shares. BMO Capital Markets raised their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company raised their target price on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI dropped their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Insider Activity

In other news, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred 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 owns 139,073 shares in the company, valued at $6,615,702.61. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the sale, the chief executive officer now owns 743,206 shares in the company, valued at $35,346,877.36. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,332 shares of company stock worth $4,186,000 over the last 90 days. Company insiders own 1.10% of the company's stock.

About Equitable

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.