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

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

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Equitable during the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP lifted its stake in Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after buying an additional 3,303,449 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after acquiring an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after acquiring an additional 1,261,466 shares during the period. Finally, Amundi boosted its stake in Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company’s stock valued at $130,351,000 after purchasing an additional 957,828 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Truist Financial increased their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Morgan Stanley dropped their price target on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.91.

Equitable Price Performance

NYSE EQH opened at $46.88 on Friday. The stock has a market capitalization of $14.38 billion, a P/E ratio of 12.27 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The business’s fifty day moving average is $51.12 and its two-hundred day moving average is $49.06. Equitable Holdings, Inc. has a 1 year low of $36.18 and a 1 year high of $56.00.

Equitable (NYSE:EQH) 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 forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.05%. Equitable’s dividend payout ratio is currently 25.13%.

Insider Activity at Equitable

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

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.