Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,577 shares of the company’s stock after acquiring an additional 209 shares during the period. Atomi Financial Group Inc.’s holdings in Equitable were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its stake in shares of Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after acquiring an additional 338,205 shares in the last quarter. Wellington Management Group LLP raised its stake in Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after buying an additional 161,376 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after buying an additional 54,380 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Equitable by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after buying an additional 68,900 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after buying an additional 148,180 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company cut their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.67.

Equitable Price Performance

Shares of EQH opened at $53.14 on Friday. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $53.99. The stock’s 50 day moving average is $48.32 and its two-hundred day moving average is $44.61. The firm has a market capitalization of $16.65 billion, a PE ratio of -48.75 and a beta of 1.39. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. Research analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the sale, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,698 shares of company stock valued at $7,904,806 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.