Caisse Des Depots ET Consignations Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

Caisse Des Depots ET Consignations acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 84,585 shares of the company’s stock, valued at approximately $3,990,000.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after buying an additional 153,457 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Equitable in the 4th quarter worth $295,000. Principal Financial Group Inc. boosted its holdings in Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after purchasing an additional 148,180 shares during the last quarter. Vest Financial LLC grew its position in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after purchasing an additional 78,725 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Equitable in the 4th quarter valued at about $29,939,000. Institutional investors own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays boosted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Insiders Place Their Bets

In related news, insider Nick Lane sold 5,000 shares of the 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 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 represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’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 transaction, the chief executive officer now owns 629,939 shares in the company, valued at $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 three months, insiders have sold 103,332 shares of company stock valued at $5,364,610. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $54.09 on Thursday. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a 50-day moving average price of $52.98 and a 200-day moving average price of $48.23. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its quarterly 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 net margin of 10.51% and a return on equity of 85.70%. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 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.