Quantbot Technologies LP Reduces Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Quantbot Technologies LP lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,079 shares of the company's stock after selling 22,496 shares during the period. Quantbot Technologies LP's holdings in Equitable were worth $3,966,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EQH. Versant Capital Management Inc increased its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares during the last quarter. Covestor Ltd increased its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after buying an additional 246 shares during the last quarter. Assetmark Inc. raised its stake in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after buying an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock valued at $80,000 after buying an additional 1,265 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after acquiring an additional 409 shares during the period. Institutional investors own 92.70% of the company's stock.

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Equitable Price Performance

Shares of NYSE:EQH traded up $1.22 during trading on Wednesday, reaching $52.84. The company had a trading volume of 3,005,460 shares, compared to its average volume of 2,405,733. Equitable Holdings, Inc. has a 12 month low of $35.48 and a 12 month high of $56.00. 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 stock has a market capitalization of $16.27 billion, a P/E ratio of 13.83 and a beta of 1.39. The company has a fifty day moving average of $52.52 and a two-hundred day moving average of $47.76.

Equitable (NYSE:EQH - Get Free Report) last released 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 net margin of 10.51% and a return on equity of 85.70%. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.82%. Equitable's payout ratio is 25.13%.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the completion of the sale, the chief operating officer now owns 92,209 shares of the company's stock, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares of the company's stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,032 shares of company stock valued at $5,443,966 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on EQH shares. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. 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. JPMorgan Chase & Co. increased their target price on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and lifted their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Morgan Stanley raised their target price on Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.75.

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.