Los Angeles Capital Management LLC Increases Position in Equitable Holdings, Inc. (NYSE:EQH)

Los Angeles Capital Management LLC boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 608.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,468,912 shares of the company’s stock after acquiring an additional 1,261,466 shares during the period. Los Angeles Capital Management LLC’s holdings in Equitable were worth $69,289,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MQS Management LLC purchased a new stake in Equitable during the 3rd quarter valued at about $587,000. JPMorgan Chase & Co. grew its stake in Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Equitable in the 4th quarter valued at about $295,000. Principal Financial Group Inc. boosted its holdings in Equitable by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after purchasing an additional 148,180 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after purchasing an additional 78,725 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 3.7 %

Shares of NYSE:EQH opened at $53.29 on Tuesday. Equitable Holdings, Inc. has a 52 week low of $32.96 and a 52 week high of $56.00. The company’s 50 day moving average is $51.03 and its two-hundred day moving average is $46.48. 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 $16.70 billion, a PE ratio of 13.95 and a beta of 1.39.

Equitable (NYSE:EQH) last announced its quarterly earnings results 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 net margin of 10.51% and a return on equity of 85.70%. Equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. Equitable’s dividend payout ratio is presently 25.13%.

Insider Buying and Selling at Equitable

In other news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the transaction, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted 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 upped their price objective on shares of Equitable from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of Equitable in a report on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $56.58.

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.