Xponance Inc. Increases Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Xponance Inc. raised its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,149 shares of the company’s stock after acquiring an additional 4,775 shares during the period. Xponance Inc.’s holdings in Equitable were worth $4,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EQH. Versant Capital Management Inc grew its position in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after buying an additional 1,265 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after acquiring an additional 409 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Equitable by 82.7% in the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after acquiring an additional 817 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,032 shares of company stock valued at $5,443,966 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQH has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Morgan Stanley boosted their target price on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets raised their price target on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average target price of $57.75.

Equitable Stock Down 0.9 %

NYSE EQH opened at $52.29 on Friday. The stock’s 50-day moving average price is $52.66 and its 200-day moving average price is $47.82. The company has a market capitalization of $16.09 billion, a P/E ratio of 13.69 and a beta of 1.39. 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 Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share 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, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio 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.