Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Decreased by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,629,438 shares of the company's stock after selling 45,873 shares during the period. Geode Capital Management LLC owned about 1.80% of Equitable worth $265,081,000 at the end of the most recent reporting period.

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

Equitable Stock Down 7.1 %

NYSE:EQH traded down $3.51 during trading hours on Thursday, hitting $46.09. The stock had a trading volume of 442,109 shares, compared to its average volume of 2,606,986. The business has a 50 day simple moving average of $52.06 and a two-hundred day simple moving average of $48.88. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year 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 market cap of $14.14 billion, a PE ratio of 12.07 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. Analysts predict 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. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is currently 25.13%.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's 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 completion of the sale, the chief operating officer now directly owns 92,209 shares in the company, valued at approximately $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 629,939 shares of the company's stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock worth $5,364,610 over the last ninety days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQH. JPMorgan Chase & Co. upped their price target on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Barclays upped 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. Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their target price on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.75.

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.