Caisse Des Depots ET Consignations Makes New $3.99 Million Investment in Equitable Holdings, Inc. (NYSE:EQH)

Caisse Des Depots ET Consignations bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 84,585 shares of the company’s stock, valued at approximately $3,990,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Elo Mutual Pension Insurance Co increased its holdings in Equitable by 15.6% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 33,378 shares of the company’s stock worth $1,574,000 after purchasing an additional 4,498 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Equitable by 13.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245,320 shares of the company’s stock worth $11,910,000 after acquiring an additional 29,359 shares in the last quarter. Korea Investment CORP lifted its stake in Equitable by 82.9% during the fourth quarter. Korea Investment CORP now owns 277,291 shares of the company’s stock worth $13,080,000 after purchasing an additional 125,700 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Equitable by 2.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 436,216 shares of the company’s stock worth $20,576,000 after buying an additional 9,416 shares during the last quarter. Finally, M.D. Sass LLC bought a new stake in shares of Equitable during the 4th quarter valued at about $25,654,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EQH shares. Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Truist Financial increased their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Morgan Stanley upped their price target on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Equitable Price Performance

Shares of NYSE EQH opened at $54.09 on Thursday. The business has a 50-day moving average of $52.98 and a 200-day moving average of $48.23. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week 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. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its earnings results 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%. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 dividend yield of 1.77%. Equitable’s dividend payout ratio is presently 25.13%.

Insider Buying and Selling

In related 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 $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the transaction, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock valued at $5,364,610 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.