Lecap Asset Management Ltd. Lowers Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Lecap Asset Management Ltd. trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 79.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,129 shares of the company's stock after selling 35,975 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Equitable were worth $431,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Equitable by 1.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,019 shares of the company's stock worth $34,058,000 after purchasing an additional 10,164 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Equitable by 93.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,693 shares of the company's stock worth $3,746,000 after acquiring an additional 38,512 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of Equitable in the 4th quarter worth $217,000. Trust Point Inc. bought a new position in Equitable in the 4th quarter worth $207,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now directly owns 648,555 shares of the company's stock, valued at $30,760,963.65. This represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares of the company's stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,032 shares of company stock valued at $7,587,971. Corporate insiders own 1.10% of the company's stock.

Equitable Stock Down 0.1 %

Shares of NYSE:EQH traded down $0.07 on Wednesday, reaching $53.66. The company had a trading volume of 2,292,398 shares, compared to its average volume of 2,879,443. The firm has a market capitalization of $16.81 billion, a PE ratio of 14.05 and a beta of 1.39. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52-week low of $32.72 and a 52-week high of $54.82. The firm's 50 day simple moving average is $49.88 and its 200-day simple moving average is $45.64.

Equitable (NYSE:EQH - Get Free Report) last announced its earnings results 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%. As a group, analysts expect that Equitable Holdings, Inc. will post 7.24 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, November 26th. Equitable's dividend payout ratio is currently 25.13%.

Analysts Set New Price Targets

Several research firms recently issued reports on EQH. JPMorgan Chase & Co. increased their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday. Barclays upped their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and raised their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.67.

Equitable 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.