Vise Technologies Inc. Grows Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Vise Technologies Inc. boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 154.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,429 shares of the company's stock after purchasing an additional 16,039 shares during the period. Vise Technologies Inc.'s holdings in Equitable were worth $1,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. lifted its stake in shares of Equitable by 61.4% in 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 period. McIlrath & Eck LLC lifted its stake 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 purchasing an additional 841 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after purchasing an additional 1,265 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Trading Up 4.1%

Shares of NYSE EQH traded up $2.10 during midday trading on Tuesday, reaching $53.90. 1,770,569 shares of the stock were exchanged, compared to its average volume of 2,587,311. The company has a market capitalization of $16.38 billion, a P/E ratio of 14.11 and a beta of 1.15. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The stock has a 50 day moving average price of $50.29 and a 200-day moving average price of $50.25.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 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 85.70% and a net margin of 10.51%. The business's quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. Equitable's payout ratio is 29.35%.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.90, for a total value of $1,587,000.00. Following the completion of the sale, the chief executive officer now directly owns 733,206 shares in the company, valued at approximately $38,786,597.40. The trade was a 3.93% 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 the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's 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 $317,101.62. Following the completion of the sale, the chief operating officer now owns 101,646 shares of the company's stock, valued at approximately $4,835,300.22. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,332 shares of company stock worth $5,976,400 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, UBS Group reduced their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $61.67.

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.