Prudential PLC Has $2.36 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Prudential PLC decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 51.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,112 shares of the company’s stock after selling 52,712 shares during the period. Prudential PLC’s holdings in Equitable were worth $2,364,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ExodusPoint Capital Management LP lifted its position in Equitable by 356.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 123,341 shares of the company’s stock worth $5,818,000 after buying an additional 96,295 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in shares of Equitable during the fourth quarter worth $3,777,000. B. Metzler seel. Sohn & Co. AG boosted its position in Equitable by 3.7% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 48,725 shares of the company’s stock valued at $2,298,000 after purchasing an additional 1,751 shares during the last quarter. Wellington Management Group LLP grew 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 purchasing an additional 3,303,449 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in Equitable by 13.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 513,391 shares of the company’s stock worth $24,217,000 after purchasing an additional 60,643 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total value of $364,296.90. Following the sale, the chief operating officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company’s stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock valued at $5,364,610 over the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Performance

Shares of NYSE EQH opened at $45.00 on Monday. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The company has a market cap of $13.81 billion, a P/E ratio of 11.78 and a beta of 1.23. The business’s 50 day moving average is $52.83 and its two-hundred day moving average is $48.84. 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) last announced its earnings results 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 return on equity of 85.70% and a net margin of 10.51%. On average, equities analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EQH shares. JPMorgan Chase & Co. lifted their price target on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Morgan Stanley upped their price objective on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.75.

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.