Vident Advisory LLC Has $5.91 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Vident Advisory LLC raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,308 shares of the company's stock after purchasing an additional 19,145 shares during the period. Vident Advisory LLC's holdings in Equitable were worth $5,911,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in shares of Equitable by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock worth $1,003,705,000 after acquiring an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Equitable by 0.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock worth $897,752,000 after acquiring an additional 79,999 shares during the last quarter. Norges Bank bought a new position in shares of Equitable during the fourth quarter worth about $668,250,000. Wellington Management Group LLP grew its position in shares of Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after acquiring an additional 3,303,449 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Equitable by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock worth $381,560,000 after acquiring an additional 355,078 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EQH shares. Evercore ISI lowered their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Morgan Stanley upped their price target on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets upped their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their price objective on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and an average target price of $61.83.

Insider Buying and Selling at Equitable

In other Equitable news, 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 completion of the sale, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $317,101.62. Following the sale, the chief operating officer now directly owns 101,646 shares of the company's stock, valued at $4,835,300.22. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 118,332 shares of company stock valued at $5,976,400. 1.10% of the stock is owned by insiders.

Equitable Price Performance

NYSE EQH traded down $0.28 on Friday, reaching $51.85. The company's stock had a trading volume of 1,188,498 shares, compared to its average volume of 2,590,592. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market cap of $15.76 billion, a PE ratio of 13.57 and a beta of 1.15. The firm's 50 day moving average is $50.31 and its two-hundred day moving average is $50.21.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $1.43 earnings per share. Equitable's revenue was up 105.2% compared to the same quarter last year. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The firm also recently declared 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 represents a $1.08 dividend on an annualized basis and a yield of 2.08%. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 2nd. Equitable's dividend payout ratio is presently 29.35%.

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.