Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 356.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,341 shares of the company's stock after purchasing an additional 96,295 shares during the period. ExodusPoint Capital Management LP's holdings in Equitable were worth $5,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Equitable during the 4th quarter valued at about $668,250,000. Wellington Management Group LLP increased its holdings in shares of Equitable by 59.9% during the fourth 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 in the last quarter. Nordea Investment Management AB raised its position in shares of 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 purchasing an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake 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 worth $69,289,000 after purchasing an additional 1,261,466 shares in the last quarter. Finally, Amundi grew its position in Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company's stock worth $130,351,000 after purchasing an additional 957,828 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EQH. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and lifted their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Truist Financial increased their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Morgan Stanley lifted their target price on Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Barclays increased their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.75.

Equitable Price Performance

Shares of NYSE:EQH traded down $4.05 during midday trading on Thursday, reaching $45.55. 702,568 shares of the company's stock traded hands, compared to its average volume of 2,608,052. The company has a fifty 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 market cap of $13.98 billion, a P/E ratio of 11.92 and a beta of 1.23. 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 (NYSE:EQH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (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%. Equities analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.11%. Equitable's payout ratio is currently 25.13%.

Insider Activity

In related news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock worth $5,364,610 over the last quarter. 1.10% of the stock is currently 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.