Foster & Motley Inc. Purchases 34,745 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Foster & Motley Inc. grew its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 28.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,705 shares of the company's stock after purchasing an additional 34,745 shares during the quarter. Foster & Motley Inc.'s holdings in Equitable were worth $5,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC grew its position in Equitable by 143.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company's stock worth $33,000 after buying an additional 591 shares in the last quarter. Blue Trust Inc. lifted its stake in Equitable by 126.2% during the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company's stock worth $42,000 after purchasing an additional 704 shares during the last quarter. UMB Bank n.a. lifted its stake in Equitable by 128.3% during the third quarter. UMB Bank n.a. now owns 1,840 shares of the company's stock worth $52,000 after purchasing an additional 1,034 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Equitable during the third quarter worth $67,000. Finally, CWM LLC lifted its stake in Equitable by 23.6% during the third quarter. CWM LLC now owns 2,647 shares of the company's stock worth $75,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analyst Weigh In

EQH has been the subject of several recent analyst reports. Evercore ISI upped their target price on Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their target price on Equitable from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. UBS Group increased their price target on Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods increased their price target on Equitable from $39.00 to $41.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group increased their price target on Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.67.

Equitable Trading Up 1.3 %

NYSE:EQH traded up $0.47 during trading hours on Monday, hitting $37.03. 1,621,194 shares of the company were exchanged, compared to its average volume of 2,630,344. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 10.96 and a beta of 1.42. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $38.44. The company has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $32.41.

Equitable (NYSE:EQH - Get Free Report) last issued 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. Equities research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared 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 of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. Equitable's payout ratio is currently 26.04%.

Insiders Place Their Bets

In other Equitable news, Director Bertram L. Scott sold 7,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the completion of the sale, the director now directly owns 20,902 shares in the company, valued at approximately $737,631.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Nick Lane sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the sale, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bertram L. Scott sold 7,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $35.29, for a total value of $247,030.00. Following the completion of the sale, the director now owns 20,902 shares of the company's stock, valued at $737,631.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,907 shares of company stock worth $8,338,649. Company insiders own 1.02% of the company's stock.

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.