38,307 Shares in Equitable Holdings, Inc. (NYSE:EQH) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 38,307 shares of the company’s stock, valued at approximately $1,807,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Equitable in the fourth quarter worth about $668,250,000. Caisse Des Depots ET Consignations acquired a new position in Equitable during the 4th quarter worth approximately $3,990,000. Elo Mutual Pension Insurance Co boosted its holdings in Equitable by 15.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 33,378 shares of the company’s stock worth $1,574,000 after acquiring an additional 4,498 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Equitable by 13.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245,320 shares of the company’s stock valued at $11,910,000 after acquiring an additional 29,359 shares in the last quarter. Finally, Korea Investment CORP raised its stake in shares of Equitable by 82.9% during the fourth quarter. Korea Investment CORP now owns 277,291 shares of the company’s stock valued at $13,080,000 after purchasing an additional 125,700 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00. Following the sale, the chief executive officer now owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the completion of the sale, the chief operating officer now owns 92,209 shares in the company, valued at approximately $5,039,221.85. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,332 shares of company stock valued at $5,364,610. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of EQH opened at $51.63 on Monday. The stock has a market capitalization of $15.84 billion, a PE ratio of 13.52 and a beta of 1.39. The business’s fifty day moving average price is $53.01 and its 200 day moving average price is $48.47. 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 Holdings, Inc. has a 12-month low of $35.49 and a 12-month high of $56.00.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business 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 1.86%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQH. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their target price on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Barclays increased their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Truist Financial lifted their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

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.