Ieq Capital LLC Invests $1.42 Million in Equitable Holdings, Inc. (NYSE:EQH)

Ieq Capital LLC bought a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 30,113 shares of the company’s stock, valued at approximately $1,420,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning boosted its stake in shares of Equitable by 3.6% during the third quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after purchasing an additional 476 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after buying an additional 332 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Equitable by 2.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 88,600 shares of the company’s stock valued at $3,724,000 after buying an additional 2,100 shares during the period. Forsta AP Fonden grew its holdings in Equitable by 28.5% in the 3rd quarter. Forsta AP Fonden now owns 63,500 shares of the company’s stock worth $2,669,000 after acquiring an additional 14,100 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Equitable by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company’s stock valued at $315,000 after acquiring an additional 1,170 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

EQH opened at $53.29 on Tuesday. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00. The stock has a 50-day moving average price of $51.03 and a 200-day moving average price of $46.48. The firm has a market cap of $16.70 billion, a PE ratio of 13.95 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Insider Transactions at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction 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. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock worth $6,534,234 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on shares of Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Truist Financial lifted their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.58.

Equitable 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.