Equitable Holdings, Inc. (NYSE:EQH) Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 319.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 258,215 shares of the company’s stock after purchasing an additional 196,689 shares during the period. Prudential Financial Inc. owned 0.08% of Equitable worth $12,180,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares during the period. Amundi lifted its position in shares of Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after purchasing an additional 957,828 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Equitable by 20.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after purchasing an additional 437,322 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Equitable by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other news, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares in the company, valued at approximately $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Down 3.1 %

Shares of EQH stock opened at $51.63 on Friday. The business’s 50 day moving average is $53.01 and its two-hundred day moving average is $48.34. 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 12 month low of $35.49 and a 12 month high of $56.00. The company has a market cap of $15.89 billion, a PE ratio of 13.52 and a beta of 1.39.

Equitable (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Equitable’s payout ratio is 25.13%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQH. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial raised 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. BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, Barclays raised their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus target price of $57.75.

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.