Quantessence Capital LLC Makes New $256,000 Investment in Equitable Holdings, Inc. (NYSE:EQH)

Quantessence Capital LLC acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,422 shares of the company's stock, valued at approximately $256,000.

Several other large investors also recently bought and sold shares of EQH. Norges Bank bought a new stake in Equitable during the fourth quarter valued at $668,250,000. Wellington Management Group LLP boosted its position in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after purchasing an additional 3,303,449 shares during the period. Nordea Investment Management AB grew its stake in Equitable by 700.3% during the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after buying an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after acquiring an additional 1,261,466 shares during the period. Finally, Amundi grew its position in shares of Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company's stock worth $130,351,000 after acquiring an additional 957,828 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the sale, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock valued at $4,141,315 over the last quarter. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and increased their target price for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Finally, Barclays upped their price objective on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.91.

Equitable Stock Up 0.8 %

EQH stock traded up $0.41 during midday trading on Monday, reaching $50.09. The company had a trading volume of 464,615 shares, compared to its average volume of 3,029,609. The company has a 50 day moving average of $50.49 and a two-hundred day moving average of $49.36. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a market capitalization of $15.37 billion, a P/E ratio of 13.11 and a beta of 1.23.

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

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.92%. Equitable's dividend payout ratio (DPR) is currently 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.