Harvest Fund Management Co. Ltd Boosts Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Harvest Fund Management Co. Ltd lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 23,697.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,567 shares of the company’s stock after acquiring an additional 8,531 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Equitable were worth $404,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,032 shares of company stock valued at $5,443,966 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $52.49 on Friday. 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 stock has a market capitalization of $16.16 billion, a P/E ratio of 13.74 and a beta of 1.39. The company has a 50 day moving average price of $52.75 and a 200 day moving average price of $47.89. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.83%. Equitable’s dividend payout ratio is presently 25.13%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EQH shares. JPMorgan Chase & Co. upped their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Barclays upped their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus price target of $57.75.

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.