Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,411 shares of the company's stock after selling 26,411 shares during the period. Tredje AP fonden's holdings in Equitable were worth $1,246,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EQH. Versant Capital Management Inc increased its position in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after buying an additional 352 shares in the last quarter. Covestor Ltd boosted its stake in shares of Equitable by 61.5% in the 3rd 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. boosted its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after buying an additional 1,265 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after buying an additional 409 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on EQH. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised their price target on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. BMO Capital Markets lifted their target price on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their target price on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Equitable presently has an average rating of "Moderate Buy" and an average price target of $57.75.

Equitable Trading Up 2.4 %

NYSE EQH traded up $1.22 during trading hours on Wednesday, hitting $52.84. 2,995,305 shares of the company were exchanged, compared to its average volume of 2,405,733. The stock has a 50-day moving average price of $52.52 and a 200 day moving average price of $47.76. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52 week low of $35.48 and a 52 week high of $56.00. The stock has a market cap of $16.27 billion, a PE ratio of 13.83 and a beta of 1.39.

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

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Buying and Selling at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % 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, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 $5,039,221.85. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,032 shares of company stock worth $5,443,966 over the last 90 days. Company insiders own 1.10% of the company's stock.

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.