Los Angeles Capital Management LLC Raises Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Los Angeles Capital Management LLC grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 608.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468,912 shares of the company’s stock after purchasing an additional 1,261,466 shares during the period. Los Angeles Capital Management LLC owned approximately 0.47% of Equitable worth $69,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQH. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Equitable by 298.3% in 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. Principal Securities Inc. lifted its holdings in shares of Equitable by 82.7% in the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after acquiring an additional 817 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Equitable by 26.1% in the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock valued at $92,000 after acquiring an additional 404 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial raised 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. BMO Capital Markets began coverage on shares of Equitable in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus target price of $56.58.

Equitable Trading Up 3.7 %

NYSE:EQH opened at $53.29 on Tuesday. Equitable Holdings, Inc. has a 12 month low of $32.96 and a 12 month high of $56.00. The firm has a fifty day simple moving average of $51.03 and a 200-day simple moving average of $46.48. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $16.70 billion, a P/E ratio of 13.95 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its 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 net margin of 10.51% and a return on equity of 85.70%. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

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

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’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 sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock worth $6,534,234 over the last three months. Company insiders own 1.10% of the company’s stock.

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.