Trexquant Investment LP Reduces Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Trexquant Investment LP decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 85.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,109 shares of the company's stock after selling 245,800 shares during the period. Trexquant Investment LP's holdings in Equitable were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EQH. Assetmark Inc. boosted its stake in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. boosted its position in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after buying an additional 209 shares during the period. Truist Financial Corp grew its stake in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after buying an additional 257 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after buying an additional 266 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Stock Up 1.5 %

Shares of NYSE EQH traded up $0.70 during mid-day trading on Monday, reaching $47.11. 308,129 shares of the company were exchanged, compared to its average volume of 2,617,655. Equitable Holdings, Inc. has a 1 year low of $35.49 and a 1 year high of $56.00. The firm has a 50-day moving average of $51.77 and a 200 day moving average of $48.99. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 12.33 and a beta of 1.23. 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 (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. On average, research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is presently 25.13%.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now directly owns 92,209 shares of the company's stock, valued at $5,039,221.85. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,332 shares of company stock worth $5,364,610. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets upped their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and raised their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Finally, UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and lifted their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.91.

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.