Harvest Fund Management Co. Ltd Acquires 8,531 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Harvest Fund Management Co. Ltd raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 23,697.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,567 shares of the company’s stock after acquiring an additional 8,531 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Equitable were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Xponance Inc. raised its holdings in Equitable by 5.8% during the fourth quarter. Xponance Inc. now owns 87,149 shares of the company’s stock valued at $4,111,000 after acquiring an additional 4,775 shares during the period. Intech Investment Management LLC increased its holdings in shares of Equitable by 18.7% in the fourth quarter. Intech Investment Management LLC now owns 72,541 shares of the company’s stock worth $3,422,000 after purchasing an additional 11,450 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Equitable in the fourth quarter worth about $2,689,000. NFC Investments LLC bought a new stake in shares of Equitable in the fourth quarter worth about $3,538,000. Finally, First National Advisers LLC increased its holdings in shares of Equitable by 5.1% in the fourth quarter. First National Advisers LLC now owns 65,084 shares of the company’s stock worth $3,070,000 after purchasing an additional 3,174 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 25,000 shares of the company’s 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 transaction, the insider now directly owns 121,629 shares in the company, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,032 shares of company stock valued at $5,443,966. Corporate insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $52.49 on Friday. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 13.74 and a beta of 1.39. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a 50 day moving average of $52.75 and a 200 day moving average of $47.89.

Equitable (NYSE:EQH) last issued 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%. On average, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is presently 25.13%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQH. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Morgan Stanley lifted their target price on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.75.

About Equitable

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.