Mercer Global Advisors Inc. ADV Takes $3.77 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 79,846 shares of the company's stock, valued at approximately $3,766,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares during the period. Bessemer Group Inc. increased its stake in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. increased its stake in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. Mizuho Bank Ltd. increased its stake in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after acquiring an additional 1,265 shares during the period. Institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EQH shares. Morgan Stanley lowered their price objective on Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Evercore ISI decreased their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price target on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.08.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $5,776,023.24. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares in the company, valued at $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. Insiders have sold 83,332 shares of company stock worth $4,141,315 in the last 90 days. Insiders own 1.10% of the company's stock.

Equitable Price Performance

EQH stock traded up $0.17 during midday trading on Friday, reaching $51.36. 2,425,297 shares of the stock were exchanged, compared to its average volume of 2,612,464. The stock has a market capitalization of $15.61 billion, a PE ratio of 13.45 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 debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company has a fifty day moving average price of $49.85 and a 200 day moving average price of $49.73.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company's revenue was up 105.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. As a group, analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Equitable's dividend payout ratio is currently 26.09%.

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.