Northern Trust Corp Raises Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Northern Trust Corp raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,242,692 shares of the company's stock after purchasing an additional 887,123 shares during the period. Northern Trust Corp owned 1.35% of Equitable worth $200,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 352 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. lifted its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. Mizuho Bank Ltd. boosted its stake in shares of Equitable by 61.4% in the fourth 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Equitable news, 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 completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at $7,109,411.76. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is currently owned by corporate insiders.

Equitable Trading Down 0.2 %

NYSE:EQH traded down $0.12 on Monday, reaching $50.34. The company's stock had a trading volume of 2,173,194 shares, compared to its average volume of 2,619,905. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 13.18 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 12-month low of $36.46 and a 12-month high of $56.00. The stock has a 50 day moving average price of $50.14 and a 200 day moving average price of $49.56.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly 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). The company had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equitable's revenue was up 105.2% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. On average, equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.91%. Equitable's dividend payout ratio is currently 26.09%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQH shares. BMO Capital Markets raised their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Truist Financial raised their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Evercore ISI dropped their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and raised their target price for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and upped their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.33.

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.