Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Algebris UK Ltd

Algebris UK Ltd cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 666,039 shares of the company's stock after selling 69,188 shares during the period. Equitable makes up about 7.7% of Algebris UK Ltd's portfolio, making the stock its largest holding. Algebris UK Ltd owned 0.21% of Equitable worth $30,343,000 at the end of the most recent quarter.

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

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Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the sale, the chief executive officer now owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company's stock in a transaction 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 sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,032 shares of company stock valued at $5,443,966 over the last quarter. 1.10% of the stock is owned by company insiders.

Equitable Trading Up 0.2 %

Shares of EQH stock traded up $0.08 during trading on Friday, hitting $52.49. 12,616,736 shares of the stock traded hands, compared to its average volume of 2,443,834. The firm has a market capitalization of $16.16 billion, a P/E ratio of 13.74 and a beta of 1.39. 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's fifty day moving average price is $52.75 and its 200-day moving average price 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 - Get Free Report) last announced its 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, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EQH shares. Barclays lifted their price objective on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Wells Fargo & Company boosted their target price on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.75.

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.