QRG Capital Management Inc. Has $4.17 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

QRG Capital Management Inc. lifted its position in Equitable Holdings, Inc. (NYSE:EQH) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,301 shares of the company’s stock after acquiring an additional 4,269 shares during the quarter. QRG Capital Management Inc.’s holdings in Equitable were worth $4,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MQS Management LLC purchased a new stake in shares of Equitable in the third quarter valued at $587,000. JPMorgan Chase & Co. lifted its stake in Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Equitable during the 4th quarter worth about $295,000. Principal Financial Group Inc. grew its stake in Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after acquiring an additional 148,180 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after purchasing an additional 78,725 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQH shares. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday. Barclays lifted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial upped their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average target price of $57.17.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the sale, the insider now owns 141,629 shares of the company’s stock, valued at $6,492,273.36. This trade represents a 15.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock valued at $6,534,234 in the last quarter. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

EQH opened at $55.03 on Friday. 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 company has a market cap of $16.94 billion, a PE ratio of 14.41 and a beta of 1.39. The stock has a 50-day moving average of $51.71 and a 200-day moving average of $46.87. Equitable Holdings, Inc. has a 52-week low of $32.96 and a 52-week high of $56.00.

Equitable (NYSE:EQH) last announced 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 return on equity of 85.70% and a net margin of 10.51%. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.74%. 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.