Franklin Resources Inc. Has $29.52 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Franklin Resources Inc. reduced its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 625,723 shares of the company's stock after selling 112,714 shares during the quarter. Franklin Resources Inc. owned approximately 0.20% of Equitable worth $29,515,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Equitable in the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP lifted its stake in Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Equitable by 700.3% during the fourth 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 grew its position in shares of Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after acquiring an additional 1,261,466 shares during the last quarter. Finally, Amundi lifted 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 purchasing an additional 957,828 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, February 28th. BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial lifted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and increased their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Equitable presently has an average rating of "Moderate Buy" and an average price target of $60.75.

Equitable Price Performance

Shares of NYSE EQH traded down $3.56 during trading on Thursday, hitting $46.04. The company had a trading volume of 442,109 shares, compared to its average volume of 2,606,986. 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 52 week low of $35.49 and a 52 week high of $56.00. The company has a market cap of $14.13 billion, a P/E ratio of 12.07 and a beta of 1.23. The business's 50-day moving average is $52.06 and its 200 day moving average is $48.88.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data 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 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 earnings per share for the current fiscal 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 given 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 yield of 2.09%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the transaction, the chief operating officer now directly owns 92,209 shares in the company, valued at approximately $5,039,221.85. This represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick Lane sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the sale, the insider now directly owns 121,629 shares of the company's stock, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,332 shares of company stock valued at $5,364,610 in the last three months. Corporate insiders own 1.10% of the company's stock.

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.