Voloridge Investment Management LLC Purchases 526,781 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Voloridge Investment Management LLC increased its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 108.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,013,563 shares of the company's stock after buying an additional 526,781 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.32% of Equitable worth $47,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Equitable in the fourth quarter valued at $668,250,000. Wellington Management Group LLP raised its holdings in shares of Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after purchasing an additional 3,303,449 shares during the period. Los Angeles Capital Management LLC lifted its stake in Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after purchasing an additional 1,261,466 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after purchasing an additional 1,236,799 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Equitable during the fourth quarter worth about $53,927,000. 92.70% of the stock is owned by institutional investors.

Equitable Stock Performance

Shares of Equitable stock traded down $0.28 during trading on Monday, 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. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The business's 50-day moving average price is $50.31 and its 200-day moving average price is $50.22. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.00. The firm has a market cap of $15.76 billion, a PE ratio of 13.57 and a beta of 1.15.

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

Equitable Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be given a dividend of $0.27 per share. The ex-dividend date is Monday, June 2nd. 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. Equitable's dividend payout ratio is currently 29.35%.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $352,698.06. Following the completion of the transaction, the chief operating officer now directly owns 94,980 shares in the company, valued at approximately $5,025,391.80. The trade was a 6.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,332 shares of company stock worth $5,976,400 in the last 90 days. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and raised their price objective for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI decreased their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their target price on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.83.

Equitable 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.