Voloridge Investment Management LLC Boosts Stake in Equitable Holdings, Inc. (NYSE:EQH)

Voloridge Investment Management LLC lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 108.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,563 shares of the company’s stock after purchasing an additional 526,781 shares during the period. Voloridge Investment Management LLC owned about 0.32% of Equitable worth $47,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Worldquant Millennium Advisors LLC acquired a new stake in Equitable in the fourth quarter valued at approximately $3,195,000. Woodline Partners LP lifted its position in shares of Equitable by 0.3% during the 4th quarter. Woodline Partners LP now owns 1,348,880 shares of the company’s stock valued at $63,627,000 after buying an additional 3,847 shares in the last quarter. Vident Advisory LLC grew its stake in Equitable by 18.0% in the 4th quarter. Vident Advisory LLC now owns 125,308 shares of the company’s stock valued at $5,911,000 after acquiring an additional 19,145 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in Equitable in the 4th quarter valued at $123,000. Finally, Two Sigma Advisers LP increased its holdings in Equitable by 44.4% in the 4th quarter. Two Sigma Advisers LP now owns 241,200 shares of the company’s stock worth $11,377,000 after acquiring an additional 74,200 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Down 0.1%

Shares of EQH stock opened at $53.66 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The company’s 50-day moving average price is $50.30 and its 200-day moving average price is $50.10. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 14.05 and a beta of 1.15.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $1.43 earnings per share. Equitable’s revenue for the quarter was up 105.2% on a year-over-year basis. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQH. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and raised their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on Equitable from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price target on Equitable from $58.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.83.

Insider Activity

In related news, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. The trade was a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,332 shares of company stock valued at $5,976,400. 1.10% of the stock is currently owned by company insiders.

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.