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

Vise Technologies Inc. boosted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 154.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQH. Bessemer Group Inc. increased its position 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 buying an additional 357 shares in the last quarter. Assetmark Inc. raised its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. lifted its holdings 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 in the last quarter. McIlrath & Eck LLC grew its position 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position 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 last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $317,101.62. Following the transaction, the chief operating officer now directly owns 101,646 shares of the company's stock, valued at $4,835,300.22. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 directly owns 743,206 shares of the company's stock, valued at approximately $35,346,877.36. This trade represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,332 shares of company stock worth $5,976,400 over the last three months. 1.10% of the stock is owned by insiders.

Equitable Trading Up 0.4%

Shares of EQH stock traded up $0.21 during trading hours on Thursday, hitting $53.20. 395,231 shares of the company were exchanged, compared to its average volume of 2,580,811. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The firm has a fifty day moving average of $50.33 and a 200 day moving average of $50.30. The firm has a market cap of $16.17 billion, a PE ratio of 13.92 and a beta of 1.15. 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 (NYSE:EQH - Get Free Report) last posted 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). The company 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 revenue for the quarter was up 105.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. Equitable's payout ratio is 29.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. UBS Group cut their price target on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company upped their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Truist Financial lifted their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.