Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 65.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 419,903 shares of the company's stock after purchasing an additional 165,922 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Equitable worth $21,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of EQH. Price T Rowe Associates Inc. MD boosted its holdings in Equitable by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock valued at $1,003,705,000 after acquiring an additional 535,671 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Equitable by 0.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock valued at $897,752,000 after acquiring an additional 79,999 shares during the period. Norges Bank purchased a new position in Equitable during the 4th quarter valued at about $668,250,000. Wellington Management Group LLP boosted its holdings in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the period. Finally, Invesco Ltd. boosted its holdings in Equitable by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock valued at $381,560,000 after acquiring an additional 355,078 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $264,550.00. Following the transaction, the insider directly owned 139,073 shares in the company, valued at approximately $7,358,352.43. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the transaction, the chief accounting officer owned 19,827 shares in the company, valued at $1,052,615.43. This trade represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,666 shares of company stock worth $7,145,208. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EQH has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $68.00 price target (up previously from $67.00) on shares of Equitable in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. UBS Group reduced their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Evercore ISI reduced 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, Keefe, Bruyette & Woods increased their price target on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.30.

Equitable Stock Performance

NYSE:EQH traded up $0.52 during mid-day trading on Friday, reaching $52.58. 1,794,274 shares of the stock were exchanged, compared to its average volume of 2,281,680. The company has a 50 day simple moving average of $53.50 and a 200-day simple moving average of $52.09. The stock has a market capitalization of $15.86 billion, a P/E ratio of 14.29 and a beta of 1.15. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.61.

Equitable (NYSE:EQH - Get Free Report) last released 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). The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a return on equity of 79.05% and a net margin of 8.50%. The company's quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. Equitable's dividend payout ratio is presently 29.35%.

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.