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

Geode Capital Management LLC lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,629,438 shares of the company’s stock after selling 45,873 shares during the quarter. Geode Capital Management LLC owned about 1.80% of Equitable worth $265,081,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EQH. Versant Capital Management Inc grew its position in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the period. Assetmark Inc. grew its holdings 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. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $80,000 after purchasing an additional 1,265 shares during the period. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 409 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after buying an additional 817 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Price Performance

EQH opened at $45.00 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00. The company has a 50-day moving average of $52.83 and a 200-day moving average of $48.78. The company has a market capitalization of $13.81 billion, a P/E ratio of 11.78 and a beta of 1.23.

Equitable (NYSE:EQH) 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 return on equity of 85.70% and a net margin of 10.51%. Equities analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 2.13%. Equitable’s payout ratio is 25.13%.

Wall Street Analysts Forecast Growth

EQH has been the subject of several recent research reports. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. BMO Capital Markets raised 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. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $77.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Morgan Stanley upped their price target on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.75.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the transaction, the insider now owns 121,629 shares of the company’s stock, valued at $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company’s stock.

Equitable Company 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.