Geode Capital Management LLC Sells 1,230,519 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Geode Capital Management LLC cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 17.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,675,311 shares of the company's stock after selling 1,230,519 shares during the period. Geode Capital Management LLC owned about 1.81% of Equitable worth $238,002,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EQH. State Street Corp lifted its holdings in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company's stock worth $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP lifted its holdings in Equitable by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company's stock worth $231,735,000 after buying an additional 161,376 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Equitable by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock valued at $166,855,000 after buying an additional 539,904 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after buying an additional 3,155,487 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable in the second quarter valued at about $110,176,000. 92.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on EQH. Keefe, Bruyette & Woods raised Equitable from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Barclays boosted their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Morgan Stanley decreased their price objective on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Finally, Wells Fargo & Company boosted their target price on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.10.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares of the company's stock, valued at $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,166 shares of company stock valued at $4,443,605. Company insiders own 1.10% of the company's stock.

Equitable Stock Up 0.9 %

Shares of Equitable stock traded up $0.42 during trading on Friday, reaching $47.47. 2,456,998 shares of the company traded hands, compared to its average volume of 2,489,404. The firm has a market capitalization of $14.87 billion, a PE ratio of -43.55 and a beta of 1.38. Equitable Holdings, Inc. has a 1-year low of $31.76 and a 1-year high of $50.51. The company has a 50 day moving average price of $46.42 and a 200-day moving average price of $42.91. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. Equitable's dividend payout ratio (DPR) is presently -88.07%.

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.