Natixis Advisors LLC Has $3.30 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 109.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,871 shares of the company’s stock after buying an additional 36,550 shares during the quarter. Natixis Advisors LLC’s holdings in Equitable were worth $3,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EQH. Versant Capital Management Inc lifted its position in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares during the last quarter. Assetmark Inc. lifted its holdings in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 1,265 shares during the period. Smartleaf Asset Management LLC grew its holdings in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after buying an additional 409 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after buying an additional 817 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insider Activity

In other news, insider Nick Lane sold 5,000 shares of the firm’s 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 completion of the transaction, the insider now owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,032 shares of company stock worth $5,443,966. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EQH. Truist Financial upped their price target on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Barclays boosted their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Finally, Morgan Stanley upped their target price on Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Equitable Stock Performance

NYSE:EQH opened at $52.49 on Friday. Equitable Holdings, Inc. has a twelve month low of $35.49 and a twelve month high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The stock’s 50-day simple moving average is $52.75 and its 200 day simple moving average is $47.94. The firm has a market capitalization of $16.16 billion, a PE ratio of 13.74 and a beta of 1.39.

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

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.83%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.