Lecap Asset Management Ltd. Acquires New Stake in Equitable Holdings, Inc. (NYSE:EQH)

Lecap Asset Management Ltd. purchased a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,314 shares of the company's stock, valued at approximately $976,000.

A number of other hedge funds have also made changes to their positions in EQH. American International Group Inc. raised its position in Equitable by 9.3% during the second quarter. American International Group Inc. now owns 4,007 shares of the company's stock valued at $104,000 after acquiring an additional 342 shares in the last quarter. Stephens Inc. AR grew its holdings in Equitable by 3.7% during the second quarter. Stephens Inc. AR now owns 10,040 shares of the company's stock valued at $273,000 after purchasing an additional 360 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Equitable by 3.5% during the second quarter. Kestra Advisory Services LLC now owns 11,244 shares of the company's stock valued at $305,000 after purchasing an additional 378 shares during the last quarter. Ethic Inc. grew its holdings in Equitable by 3.9% during the first quarter. Ethic Inc. now owns 10,458 shares of the company's stock valued at $323,000 after purchasing an additional 396 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Equitable by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company's stock valued at $783,000 after purchasing an additional 418 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Stock Down 1.5 %

EQH traded down $0.56 during trading on Friday, reaching $36.50. 1,969,803 shares of the company's stock were exchanged, compared to its average volume of 2,348,209. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44. The business has a 50 day moving average price of $35.30 and a 200 day moving average price of $32.04. The company has a market capitalization of $11.96 billion, a P/E ratio of 10.80 and a beta of 1.42.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.02 EPS for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. Equitable's payout ratio is presently 26.04%.

Analyst Ratings Changes

Several equities analysts have commented on EQH shares. UBS Group increased their price target on Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of Equitable from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Thursday. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Wednesday. Evercore ISI raised their price objective on shares of Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Equitable from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 60,000 shares of Equitable stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the transaction, the chief executive officer now directly owns 619,625 shares of the company's stock, valued at $20,063,457.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Mark Pearson sold 60,000 shares of Equitable stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the completion of the transaction, the chief executive officer now directly owns 619,625 shares of the company's stock, valued at $20,063,457.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the transaction, the insider now directly owns 144,132 shares of the company's stock, valued at $4,903,370.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,938 shares of company stock valued at $7,213,072. 1.02% of the stock is currently owned by company insiders.

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.