Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 50.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,243 shares of the company's stock after selling 17,387 shares during the period. Y Intercept Hong Kong Ltd's holdings in Equitable were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its stake in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after purchasing an additional 1,367,837 shares during the period. Wedge Capital Management L L P NC increased its holdings in Equitable by 1,092.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company's stock worth $41,302,000 after purchasing an additional 802,160 shares during the period. Principal Financial Group Inc. increased its holdings in Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company's stock worth $120,529,000 after purchasing an additional 437,322 shares during the period. Four Tree Island Advisory LLC acquired a new stake in Equitable in the 4th quarter valued at about $19,144,000. Finally, National Pension Service boosted its stake in shares of Equitable by 23,851.6% in the 3rd quarter. National Pension Service now owns 396,399 shares of the company's stock valued at $16,661,000 after buying an additional 394,744 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

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Wall Street Analyst Weigh In

EQH has been the topic of several analyst reports. Truist Financial raised their target price on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research note on Friday, January 10th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, BMO Capital Markets upped their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.17.

Insider Activity at Equitable

In other news, CAO William James Iv Eckert sold 1,700 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the transaction, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at $825,162.36. This represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares of the company's stock, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 over the last 90 days. Company insiders own 1.10% of the company's stock.

Equitable Stock Performance

NYSE EQH traded down $0.81 during trading on Monday, reaching $54.21. The company's stock had a trading volume of 1,562,488 shares, compared to its average volume of 2,775,821. The business's fifty day moving average price is $51.71 and its 200-day moving average price is $46.92. Equitable Holdings, Inc. has a twelve month low of $32.96 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 14.19 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last released 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, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.77%. Equitable's dividend payout ratio is currently 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.