Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,325 shares of the company’s stock after buying an additional 5,724 shares during the quarter. LPL Financial LLC’s holdings in Equitable were worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EQH. Assetmark Inc. raised its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares during the last quarter. Atomi Financial Group Inc. increased its stake in Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after acquiring an additional 209 shares during the last quarter. Truist Financial Corp lifted its position in Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after buying an additional 257 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after purchasing an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after purchasing an additional 283 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Barclays upped their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their target price on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.91.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares of the company’s stock, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now owns 121,629 shares of the company’s stock, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock valued at $5,364,610 over the last quarter. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

NYSE EQH opened at $46.44 on Friday. The company has a market capitalization of $14.25 billion, a P/E ratio of 12.16 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00. The business has a 50 day moving average price of $51.77 and a 200 day moving average price of $48.94.

Equitable (NYSE:EQH) last released its quarterly earnings results 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 return on equity of 85.70% and a net margin of 10.51%. Sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was 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.