Hillsdale Investment Management Inc. Purchases 16,200 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Hillsdale Investment Management Inc. increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4,628.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,550 shares of the company’s stock after acquiring an additional 16,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Equitable were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares during the period. Wellington Management Group LLP grew its holdings in shares of Equitable by 3.0% during the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after purchasing an additional 161,376 shares in the last quarter. Amundi increased its position in shares of Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after purchasing an additional 957,828 shares during the last quarter. Principal Financial Group Inc. raised its stake in Equitable by 20.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after purchasing an additional 437,322 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Equitable by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Stock Up 0.2 %

Shares of NYSE EQH opened at $52.49 on Monday. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 13.74 and a beta of 1.39. 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 firm’s fifty day moving average is $52.75 and its 200 day moving average is $47.99. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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 expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. Equitable’s dividend payout ratio is currently 25.13%.

Wall Street Analyst Weigh In

EQH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and increased their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company upped their price objective on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Barclays upped their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Insider Activity

In other news, CEO Mark Pearson sold 30,000 shares of the firm’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 $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 629,939 shares of the company’s stock, valued at approximately $32,536,349.35. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company’s stock.

About Equitable

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.