Pictet Asset Management Holding SA Purchases 96,729 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Pictet Asset Management Holding SA grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 65.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,079 shares of the company’s stock after purchasing an additional 96,729 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.08% of Equitable worth $11,560,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Equitable by 3.3% during the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after buying an additional 209 shares during the period. Truist Financial Corp lifted its position in shares of Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after acquiring an additional 257 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Equitable by 10.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after acquiring an additional 266 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock worth $631,000 after purchasing an additional 283 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other news, insider Nick Lane sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 629,939 shares of the company’s stock, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,332 shares of company stock worth $5,364,610. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EQH shares. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group upgraded Equitable from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $77.00 in a report on Wednesday. BMO Capital Markets increased their target price on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Barclays lifted 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. Finally, Truist Financial boosted their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Equitable has a consensus rating of “Moderate Buy” and an average target price of $60.75.

Equitable Stock Up 5.1 %

Shares of NYSE:EQH opened at $54.97 on Thursday. The firm has a fifty day moving average of $53.05 and a 200 day moving average of $48.69. Equitable Holdings, Inc. has a 52-week low of $35.49 and a 52-week high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market capitalization of $16.87 billion, a PE ratio of 14.39 and a beta of 1.39.

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%. As a group, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is 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.