Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 57.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,258 shares of the company’s stock after selling 18,164 shares during the period. XTX Topco Ltd’s holdings in Equitable were worth $625,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mariner LLC increased its stake in shares of Equitable by 4.6% during the 4th quarter. Mariner LLC now owns 19,421 shares of the company’s stock worth $916,000 after purchasing an additional 854 shares in the last quarter. Barclays PLC lifted its position in shares of Equitable by 24.0% in the fourth quarter. Barclays PLC now owns 622,055 shares of the company’s stock valued at $29,342,000 after acquiring an additional 120,557 shares in the last quarter. Seeds Investor LLC increased its position in Equitable by 10.4% during the 4th quarter. Seeds Investor LLC now owns 7,912 shares of the company’s stock worth $373,000 after purchasing an additional 748 shares in the last quarter. Bessemer Group Inc. raised its stake in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Equitable during the 4th quarter worth about $1,542,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Trading Up 1.1 %

Shares of EQH opened at $46.88 on Friday. The stock has a market cap of $14.38 billion, a PE ratio of 12.27 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 12 month low of $36.18 and a 12 month high of $56.00. The stock’s 50-day moving average is $51.12 and its two-hundred day moving average is $49.06.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (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 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. 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 2.05%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the sale, the chief executive officer now owns 753,206 shares of the company’s stock, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,332 shares of company stock valued at $4,141,315. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EQH shares. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Truist Financial upped their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. 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 report on Friday, January 10th. BMO Capital Markets increased their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley dropped their price objective on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Equitable has an average rating of “Moderate Buy” and an average target price of $60.91.

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.