Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 25.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,802 shares of the company's stock after selling 44,104 shares during the quarter. National Bank of Canada FI's holdings in Equitable were worth $6,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EQH. FMR LLC grew its holdings in Equitable by 27.4% during the 3rd quarter. FMR LLC now owns 710,951 shares of the company's stock valued at $29,881,000 after purchasing an additional 152,847 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Equitable by 15.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 279,310 shares of the company's stock valued at $11,739,000 after acquiring an additional 37,819 shares during the period. Quantinno Capital Management LP grew its position in Equitable by 17.4% in the 3rd quarter. Quantinno Capital Management LP now owns 25,722 shares of the company's stock valued at $1,081,000 after acquiring an additional 3,815 shares during the last quarter. State Street Corp increased its stake in Equitable by 2.7% in 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. Finally, Wellington Management Group LLP boosted its stake in shares of Equitable by 3.0% during the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company's stock valued at $231,735,000 after purchasing an additional 161,376 shares during the period. Institutional investors own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction 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 directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following 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. Over the last ninety days, insiders sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and upped their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Morgan Stanley decreased their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. UBS Group upgraded Equitable from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Finally, BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average target price of $59.67.

Equitable Stock Up 1.4 %

Shares of NYSE:EQH traded up $0.64 during trading on Friday, reaching $46.44. The stock had a trading volume of 4,802,470 shares, compared to its average volume of 2,623,830. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $14.25 billion, a P/E ratio of 12.16 and a beta of 1.23. The firm's 50-day simple moving average is $51.77 and its 200 day simple moving average is $48.94. Equitable Holdings, Inc. has a one year low of $35.49 and a one year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly 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 return on equity of 85.70% and a net margin of 10.51%. As a group, research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced 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. This represents a $0.96 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio is currently 25.13%.

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.