Price T Rowe Associates Inc. MD Has $1 Billion Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Price T Rowe Associates Inc. MD lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,278,436 shares of the company's stock after purchasing an additional 535,671 shares during the quarter. Price T Rowe Associates Inc. MD owned 6.79% of Equitable worth $1,003,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased 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. increased its holdings in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares during the last quarter. Assetmark Inc. raised its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Mizuho Bank Ltd. lifted its stake in Equitable by 61.4% in 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 grew its position in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after acquiring an additional 1,265 shares during the period. Institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group upgraded 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. Deutsche Bank Aktiengesellschaft upgraded shares of 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 note on Friday, January 10th. Keefe, Bruyette & Woods boosted their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Finally, Barclays increased their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.91.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Shares of NYSE EQH traded up $0.34 during mid-day trading on Tuesday, reaching $50.75. The company had a trading volume of 464,856 shares, compared to its average volume of 2,617,117. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.00. The business's 50-day simple moving average is $50.38 and its 200 day simple moving average is $49.40. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 13.27 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is presently 25.13%.

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.