Lighthouse Investment Partners LLC Grows Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Lighthouse Investment Partners LLC boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 261.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,364 shares of the company's stock after acquiring an additional 61,763 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Equitable were worth $4,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Assetmark Inc. raised its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after buying an additional 199 shares during the period. Atomi Financial Group Inc. lifted its stake in Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Truist Financial Corp boosted its position in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after buying an additional 257 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after buying an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock valued at $202,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,998 shares of company stock worth $6,345,563. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on EQH. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Evercore ISI reduced their target price 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. Morgan Stanley dropped their price target on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company upped their price objective on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

Equitable Stock Up 1.3%

Equitable stock traded up $0.71 during midday trading on Friday, reaching $53.56. The company's stock had a trading volume of 1,870,312 shares, compared to its average volume of 2,606,571. The company has a market cap of $16.28 billion, a P/E ratio of 14.02 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. The business has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $49.90. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equitable's revenue was up 105.2% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. On average, research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

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.