21,633 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,633 shares of the company's stock, valued at approximately $1,020,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its holdings in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after buying an additional 352 shares during the last quarter. Bessemer Group Inc. lifted its position in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. increased its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Mizuho Bank Ltd. grew its stake in shares of Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 valued at $80,000 after acquiring an additional 1,265 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI dropped their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Morgan Stanley decreased 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. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.08.

Equitable Trading Up 1.6%

EQH traded up $0.89 on Tuesday, hitting $54.83. The company had a trading volume of 503,016 shares, compared to its average volume of 2,599,315. The business's fifty day simple moving average is $49.88 and its 200 day simple moving average is $49.79. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The company has a market cap of $16.66 billion, a PE ratio of 14.35 and a beta of 1.15. 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 - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company posted $1.43 EPS. The company's quarterly revenue was up 105.2% compared to the same quarter last year. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is presently 26.09%.

Insider Buying and Selling

In other Equitable news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the completion of the transaction, the chief executive officer now directly owns 743,206 shares in the company, valued at $35,346,877.36. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,332 shares of company stock valued at $4,141,315 in the last 90 days. Company insiders own 1.10% of the company's stock.

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.