Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 24.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 622,055 shares of the company’s stock after purchasing an additional 120,557 shares during the quarter. Barclays PLC owned approximately 0.20% of Equitable worth $29,342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after purchasing an additional 209 shares in the last quarter. Truist Financial Corp lifted its position in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after buying an additional 257 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Equitable by 2.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock worth $631,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Up 1.1 %

Shares of NYSE EQH opened at $46.88 on Friday. Equitable Holdings, Inc. has a 12-month low of $36.18 and a 12-month high of $56.00. The stock has a market cap of $14.38 billion, a P/E ratio of 12.27 and a beta of 1.23. 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 business’s fifty day simple moving average is $51.12 and its 200-day simple moving average is $49.06.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS 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%. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced 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 dividend yield of 2.05%. Equitable’s payout ratio is currently 25.13%.

Insiders Place Their Bets

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock valued at $4,141,315 in the last ninety days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQH. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Barclays boosted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $60.91.

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.