Assetmark Inc. Boosts Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Assetmark Inc. grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 799 shares of the company’s stock after acquiring an additional 199 shares during the quarter. Assetmark Inc.’s holdings in Equitable were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Steward Partners Investment Advisory LLC raised its position in shares of Equitable by 267.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,206 shares of the company’s stock valued at $151,000 after buying an additional 2,333 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after buying an additional 266 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock worth $80,000 after buying an additional 409 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Equitable by 41.0% during the 4th quarter. Metis Global Partners LLC now owns 21,202 shares of the company’s stock worth $1,000,000 after acquiring an additional 6,164 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Equitable by 3.7% during the 4th quarter. US Bancorp DE now owns 8,595 shares of the company’s stock worth $405,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EQH shares. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Truist Financial lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets lifted their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley boosted their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Equitable Trading Up 3.5 %

Shares of NYSE:EQH opened at $51.28 on Friday. Equitable Holdings, Inc. has a 52 week low of $35.18 and a 52 week high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market cap of $15.79 billion, a PE ratio of 13.42 and a beta of 1.39. The company’s 50 day moving average is $52.42 and its two-hundred day moving average is $47.58.

Equitable (NYSE:EQH) last released 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 analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Equitable’s dividend payout ratio is presently 25.13%.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable 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 transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares in the company, valued at approximately $6,492,273.36. This represents a 15.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,698 shares of company stock valued at $6,534,234 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.