Wealthfront Advisers LLC Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

Wealthfront Advisers LLC bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,989 shares of the company’s stock, valued at approximately $566,000.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares during the period. Assetmark Inc. increased its stake in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of 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 purchasing an additional 409 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after purchasing an additional 817 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. BMO Capital Markets raised their price objective on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised their price objective on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.75.

Check Out Our Latest Research Report on EQH

Insider Activity at Equitable

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,032 shares of company stock valued at $4,799,566 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Equitable Trading Up 3.5 %

Shares of EQH opened at $51.28 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. Equitable Holdings, Inc. has a 52-week low of $35.18 and a 52-week high of $56.00. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 13.42 and a beta of 1.39. The business’s fifty day moving average is $52.42 and its 200-day moving average is $47.62.

Equitable (NYSE:EQHGet Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

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

Equitable Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQHFree Report).

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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