Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC cut its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 63.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,042 shares of the company’s stock after selling 22,558 shares during the quarter. Aquatic Capital Management LLC’s holdings in Equitable were worth $615,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in shares of Equitable by 5.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,980 shares of the company’s stock worth $471,000 after buying an additional 472 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Equitable by 25.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 125,000 shares of the company’s stock worth $5,896,000 after acquiring an additional 25,000 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Equitable by 26.5% in the fourth quarter. Pinebridge Investments L.P. now owns 123,022 shares of the company’s stock valued at $5,803,000 after purchasing an additional 25,752 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Equitable by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company’s stock valued at $1,003,705,000 after purchasing an additional 535,671 shares during the last quarter. Finally, Quantessence Capital LLC purchased a new position in shares of Equitable during the 4th quarter worth approximately $256,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and boosted their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Barclays lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by corporate insiders.

Equitable Trading Down 0.4 %

Shares of EQH opened at $49.27 on Friday. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The firm has a market capitalization of $15.12 billion, a P/E ratio of 12.90 and a beta of 1.23. 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’s fifty day simple moving average is $50.20 and its 200 day simple moving average is $49.45.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business’s revenue for the quarter was up 105.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is presently 25.13%.

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.