Arrowstreet Capital Limited Partnership Sells 494,154 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Arrowstreet Capital Limited Partnership lessened its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900,918 shares of the company's stock after selling 494,154 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.29% of Equitable worth $42,496,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares during the period. Assetmark Inc. boosted its stake in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after acquiring an additional 1,265 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $80,000 after acquiring an additional 409 shares during the period. Finally, Principal Securities Inc. lifted its holdings in Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after purchasing an additional 817 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now directly owns 92,209 shares of the company's stock, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 directly 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,332 shares of company stock worth $5,364,610. Insiders own 1.10% of the company's stock.

Equitable Price Performance

Shares of EQH traded down $5.21 during trading hours on Friday, hitting $45.00. 7,305,970 shares of the company were exchanged, compared to its average volume of 2,585,327. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 11.78 and a beta of 1.23. The firm's fifty day moving average is $52.83 and its 200 day moving average is $48.84. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results 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 analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is presently 25.13%.

Analysts Set New Price Targets

EQH has been the topic of several research reports. Truist Financial upped 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. JPMorgan Chase & Co. increased their price target 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 stock from $49.00 to $77.00 in a report on Wednesday. Wells Fargo & Company upped their target price on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, Barclays lifted their price target on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Equitable currently has an average rating of "Moderate Buy" and a consensus price target of $60.75.

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.