XTX Topco Ltd Reduces Position in Equitable Holdings, Inc. (NYSE:EQH)

XTX Topco Ltd decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 57.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,258 shares of the company's stock after selling 18,164 shares during the period. XTX Topco Ltd's holdings in Equitable were worth $625,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Equitable during the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP increased its position in Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the period. Nordea Investment Management AB increased its position in Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after acquiring an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC increased its position in Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after acquiring an additional 1,261,466 shares during the period. Finally, Amundi increased its position in Equitable by 56.3% in the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after acquiring an additional 957,828 shares during the period. Institutional investors own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EQH shares. JPMorgan Chase & Co. upped 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. Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods boosted their target price on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.91.

Equitable Stock Performance

NYSE EQH traded up $1.21 during trading hours on Thursday, hitting $50.10. 525,723 shares of the company's stock traded hands, compared to its average volume of 2,626,152. The business's fifty day moving average price is $50.71 and its two-hundred day moving average price is $49.17. 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 firm has a market capitalization of $15.37 billion, a P/E ratio of 13.11 and a beta of 1.23. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 85.70% and a net margin of 10.51%. Equities research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is 25.13%.

Insider Activity at Equitable

In related news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now owns 139,073 shares of the company's stock, valued at $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the completion of the sale, the chief executive officer now directly owns 743,206 shares in the company, valued at approximately $35,346,877.36. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock valued at $4,141,315 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.