Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,165 shares of the company's stock after selling 26,873 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Equitable were worth $6,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQH. Allspring Global Investments Holdings LLC increased its position in shares of Equitable by 446.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 37,422 shares of the company's stock valued at $1,783,000 after acquiring an additional 30,570 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in shares of Equitable by 8.9% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 6,597 shares of the company's stock worth $311,000 after purchasing an additional 538 shares during the period. Four Tree Island Advisory LLC purchased a new position in shares of Equitable during the 4th quarter worth approximately $19,144,000. Empowered Funds LLC acquired a new stake in Equitable in the 4th quarter valued at approximately $417,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Equitable in the fourth quarter valued at approximately $534,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Equitable from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and boosted their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets assumed coverage on shares of Equitable in a report on Thursday, January 23rd. They issued an "outperform" rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.58.

Insiders Place Their Bets

In other news, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction 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 directly 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. In the last quarter, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by insiders.

Equitable Stock Performance

Shares of EQH stock traded down $2.53 during trading hours on Friday, hitting $51.44. The stock had a trading volume of 2,632,152 shares, compared to its average volume of 2,850,235. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm has a market capitalization of $16.12 billion, a PE ratio of 13.46 and a beta of 1.39. The stock's 50 day moving average is $50.83 and its 200 day moving average is $46.15. Equitable Holdings, Inc. has a twelve month low of $32.96 and a twelve month high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last posted 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%. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be paid 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 1.87%. Equitable's dividend payout ratio is currently 25.13%.

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.