DekaBank Deutsche Girozentrale Sells 21,495 Shares of Equitable Holdings, Inc. (NYSE:EQH)

DekaBank Deutsche Girozentrale reduced its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,380 shares of the company's stock after selling 21,495 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Equitable were worth $2,658,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in Equitable during the first quarter valued at approximately $212,000. First Trust Direct Indexing L.P. grew its position in Equitable by 9.4% in the first quarter. First Trust Direct Indexing L.P. now owns 9,161 shares of the company's stock valued at $348,000 after acquiring an additional 788 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Equitable by 4.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,097 shares of the company's stock valued at $498,000 after acquiring an additional 528 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Equitable by 10.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 24,093 shares of the company's stock valued at $916,000 after purchasing an additional 2,300 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Equitable in the 1st quarter worth about $542,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EQH shares. Morgan Stanley reduced their price target on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research report on Monday, August 19th. Barclays raised their price target on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods raised their target price on Equitable from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Monday, July 8th. Finally, Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven 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 $48.70.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the sale, the chief executive officer now directly owns 658,555 shares of the company's stock, valued at $29,239,842. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company's 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 completion of the sale, the chief accounting officer now owns 19,321 shares of the company's stock, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock valued at $3,969,870 in the last 90 days. 1.10% of the stock is owned by company insiders.

Equitable Trading Down 0.5 %

Equitable stock traded down $0.21 during trading hours on Friday, reaching $45.13. 2,434,440 shares of the company's stock traded hands, compared to its average volume of 2,475,675. Equitable Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $46.48. The firm's 50 day moving average is $42.75 and its 200-day moving average is $41.06. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 18.80 and a beta of 1.41.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. Equitable's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

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.