Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 31.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,707 shares of the company’s stock after acquiring an additional 409 shares during the period. Smartleaf Asset Management LLC’s holdings in Equitable were worth $80,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after acquiring an additional 1,261,466 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Equitable by 1,092.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock worth $41,302,000 after buying an additional 802,160 shares in the last quarter. Principal Financial Group Inc. boosted its position in Equitable by 20.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after buying an additional 437,322 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new stake in Equitable in the 4th quarter valued at about $19,144,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Finally, Morgan Stanley raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.17.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the firm’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares in the company, valued at approximately $30,275,514.09. This trade represents a 4.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,698 shares of company stock valued at $6,534,234 in the last quarter. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of EQH stock opened at $50.41 on Monday. 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 firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 13.20 and a beta of 1.39. The company has a 50 day moving average price of $52.13 and a 200 day moving average price of $47.31. Equitable Holdings, Inc. has a one year low of $33.38 and a one year high of $56.00.

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

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Equitable Company 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.