Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Prudential PLC

Prudential PLC reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 51.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,112 shares of the company's stock after selling 52,712 shares during the quarter. Prudential PLC's holdings in Equitable were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equitable by 298.3% in the fourth 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 lifted its position in shares of Equitable by 31.5% in the fourth 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 in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after acquiring an additional 817 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares of the company's stock, valued at $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the sale, the insider now directly owns 121,629 shares in the company, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock worth $5,364,610 in the last ninety days. 1.10% of the stock is owned by insiders.

Equitable Stock Down 1.5 %

NYSE:EQH traded down $0.70 on Friday, reaching $45.10. The stock had a trading volume of 982,779 shares, compared to its average volume of 2,608,069. Equitable Holdings, Inc. has a 12-month low of $35.49 and a 12-month high of $56.00. The stock has a market cap of $13.84 billion, a P/E ratio of 11.82 and a beta of 1.23. 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 50-day moving average of $51.90 and a 200 day moving average of $48.91.

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 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%. On average, research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQH. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and upped their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods lifted their price objective on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Morgan Stanley dropped their price target on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday. 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 research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.67.

About Equitable

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.