LMR Partners LLP Invests $649,000 in Equitable Holdings, Inc. (NYSE:EQH)

LMR Partners LLP acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,760 shares of the company's stock, valued at approximately $649,000.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Equitable by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock valued at $1,003,705,000 after purchasing an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Equitable by 0.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock valued at $897,752,000 after purchasing an additional 79,999 shares during the last quarter. Norges Bank bought a new position in Equitable in the 4th quarter valued at $668,250,000. Wellington Management Group LLP raised its position in 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 last quarter. Finally, Invesco Ltd. raised its position in Equitable by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock valued at $381,560,000 after purchasing an additional 355,078 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Trading Up 1.3%

NYSE:EQH traded up $0.71 on Friday, reaching $53.56. The company's stock had a trading volume of 1,870,312 shares, compared to its average volume of 2,605,000. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year 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 firm has a market cap of $16.28 billion, a PE ratio of 14.02 and a beta of 1.15. The business's 50-day moving average price is $50.17 and its two-hundred day moving average price is $49.96.

Equitable (NYSE:EQH - Get Free Report) last posted 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 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 firm posted $1.43 earnings per share. The firm's revenue was up 105.2% on a year-over-year basis. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Evercore ISI dropped their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their target price on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial boosted their target price 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. boosted their target price on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.08.

Insider Buying and Selling at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $264,550.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,358,352.43. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,998 shares of company stock valued at $6,345,563. Company insiders own 1.10% of the company's stock.

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.