BNP Paribas Financial Markets Invests $53.93 Million in Equitable Holdings, Inc. (NYSE:EQH)

BNP Paribas Financial Markets acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,143,254 shares of the company’s stock, valued at approximately $53,927,000.

A number of other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares during the period. Bessemer Group Inc. lifted its position in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the period. Assetmark Inc. boosted its stake in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Mizuho Bank Ltd. grew its holdings in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after buying an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Down 0.1 %

Shares of EQH opened at $50.26 on Wednesday. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.00. The stock has a 50-day moving average price of $49.99 and a 200 day moving average price of $49.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The company has a market capitalization of $15.42 billion, a P/E ratio of 13.16 and a beta of 1.15.

Equitable (NYSE:EQHGet Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business’s quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 earnings per share. Sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is currently 26.09%.

Insider Activity

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’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 completion of the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley cut their target price on Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Truist Financial boosted their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company increased their price target on Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

Get Our Latest Report on Equitable

Equitable Profile

(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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