Pinebridge Investments L.P. Raises Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Pinebridge Investments L.P. lifted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,022 shares of the company's stock after buying an additional 25,752 shares during the quarter. Pinebridge Investments L.P.'s holdings in Equitable were worth $5,803,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EQH. Versant Capital Management Inc increased its stake in shares of Equitable by 195.6% during the fourth 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 period. Bessemer Group Inc. grew its holdings in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Assetmark Inc. increased its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. raised its stake in shares of Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings 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 buying an additional 1,265 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of EQH stock traded down $2.61 on Wednesday, reaching $48.41. The company's stock had a trading volume of 1,815,764 shares, compared to its average volume of 2,623,420. The stock's 50 day simple moving average is $50.32 and its 200-day simple moving average is $49.41. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The company has a market capitalization of $14.85 billion, a P/E ratio of 12.67 and a beta of 1.23. 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 (NYSE:EQH - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The company's revenue for the quarter was up 105.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is presently 25.13%.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares of the company's stock, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $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 sold a total of 83,332 shares of company stock worth $4,141,315 over the last three months. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. BMO Capital Markets raised their target price on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.91.

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.