KBC Group NV Has $2.17 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

KBC Group NV increased its holdings in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 449.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,170 shares of the company’s stock after acquiring an additional 53,309 shares during the period. KBC Group NV’s holdings in Equitable were worth $2,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC lifted its position in shares of Equitable by 143.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after purchasing an additional 591 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after buying an additional 704 shares during the period. GAMMA Investing LLC purchased a new position in shares of Equitable during the 4th quarter valued at $50,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Equitable in the fourth quarter worth $64,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Equitable by 261.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after acquiring an additional 1,641 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Bertram L. Scott sold 7,000 shares of Equitable stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the sale, the director now directly owns 20,902 shares of the company’s stock, valued at $737,631.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $35.32, for a total transaction of $352,105.08. Following the sale, the chief operating officer now directly owns 151,031 shares of the company’s stock, valued at $5,334,414.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bertram L. Scott sold 7,000 shares of Equitable stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the sale, the director now directly owns 20,902 shares in the company, valued at $737,631.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,411 shares of company stock valued at $8,980,534. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

EQH has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Morgan Stanley raised their price objective on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Truist Financial boosted their target price on shares of Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Equitable from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, May 7th. Finally, Evercore ISI increased their target price on shares of Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.10.

View Our Latest Research Report on EQH

Equitable Stock Performance

Shares of NYSE:EQH opened at $40.16 on Friday. The company has a market cap of $13.06 billion, a P/E ratio of 12.43 and a beta of 1.41. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $35.21. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $41.64.

Equitable (NYSE:EQHGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, equities analysts predict that Equitable Holdings, Inc. will post 6.12 EPS for the current year.

Equitable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. This is an increase from Equitable’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 3rd. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

About Equitable

(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.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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