Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 56.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,664 shares of the company's stock after selling 12,404 shares during the period. Guggenheim Capital LLC's holdings in Equitable were worth $456,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. increased its holdings 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 last quarter. Atomi Financial Group Inc. increased its stake in shares of Equitable by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock worth $310,000 after acquiring an additional 209 shares during the last quarter. Truist Financial Corp boosted its position in shares of Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after acquiring an additional 257 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after purchasing an additional 266 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after purchasing an additional 283 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the transaction, the chief executive officer now owns 753,206 shares in the company, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $317,101.62. Following the completion of the sale, the chief operating officer now owns 101,646 shares in the company, valued at approximately $4,835,300.22. This represents a 6.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,332 shares of company stock worth $4,141,315. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EQH shares. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and increased their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Morgan Stanley cut their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Barclays increased 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.91.

Equitable Stock Down 0.8 %

Shares of EQH opened at $49.67 on Friday. The company's 50-day simple moving average is $50.49 and its 200-day simple moving average is $49.31. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The stock has a market capitalization of $15.24 billion, a PE ratio of 13.00 and a beta of 1.23.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly 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%. Analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is presently 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.

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