Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 194.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,853 shares of the company's stock after acquiring an additional 16,407 shares during the period. Tower Research Capital LLC TRC's holdings in Equitable were worth $1,172,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. raised its stake in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after buying an additional 209 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after buying an additional 257 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after acquiring an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock valued at $631,000 after purchasing an additional 283 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company decreased their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.91.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company's stock, valued at $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 83,332 shares of company stock worth $4,141,315 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Equitable Stock Down 4.9 %

Shares of EQH traded down $2.49 during midday trading on Wednesday, reaching $48.53. The stock had a trading volume of 1,333,768 shares, compared to its average volume of 2,621,797. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 12.69 and a beta of 1.23. The company's fifty day simple moving average is $50.32 and its two-hundred day simple moving average is $49.41. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm's quarterly revenue was up 105.2% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

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

About Equitable

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.