49,831 Shares in Equitable Holdings, Inc. (NYSE:EQH) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in 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 (SEC). The fund bought 49,831 shares of the company's stock, valued at approximately $2,351,000.

Several other hedge funds also recently bought and sold shares of EQH. Barclays PLC grew its stake in shares of Equitable by 13.5% in the 3rd quarter. Barclays PLC now owns 501,498 shares of the company's stock valued at $21,076,000 after buying an additional 59,844 shares in the last quarter. Wedmont Private Capital bought a new stake in Equitable in the fourth quarter worth approximately $201,000. Miracle Mile Advisors LLC bought a new stake in Equitable in the fourth quarter worth approximately $295,000. Ritholtz Wealth Management increased its stake in shares of Equitable by 15.4% during the 4th quarter. Ritholtz Wealth Management now owns 28,853 shares of the company's stock worth $1,361,000 after purchasing an additional 3,843 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in shares of Equitable by 5.3% during the 4th quarter. Hennessy Advisors Inc. now owns 20,000 shares of the company's stock valued at $943,000 after purchasing an additional 1,000 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.90, for a total transaction of $1,587,000.00. Following the sale, the chief executive officer now owns 733,206 shares of the company's stock, valued at approximately $38,786,597.40. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick Lane sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the sale, the insider now owns 139,073 shares in the company, valued at approximately $6,615,702.61. This represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,332 shares of company stock valued at $5,976,400 over the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Morgan Stanley boosted their price target on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their price target on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average price target of $61.83.

Equitable Stock Performance

Shares of EQH stock traded up $0.34 during trading hours on Thursday, reaching $52.18. 423,936 shares of the company's stock were exchanged, compared to its average volume of 2,592,407. The business has a fifty day moving average price of $50.31 and a 200-day moving average price of $50.11. The stock has a market capitalization of $15.86 billion, a P/E ratio of 13.67 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 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 released its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equitable's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. This is a boost from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is presently 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.