Aquatic Capital Management LLC Has $615,000 Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Aquatic Capital Management LLC reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 63.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other large investors have also made changes to their positions in EQH. Norges Bank acquired a new stake in shares of Equitable in the fourth quarter worth approximately $668,250,000. Wellington Management Group LLP raised its position 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 during the period. Nordea Investment Management AB grew its holdings in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after purchasing an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after purchasing an additional 1,261,466 shares during the period. Finally, Amundi raised its stake in Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after buying an additional 957,828 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQH. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their target price on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.33.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total transaction 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 trade represents a 6.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nick Lane sold 5,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is owned by insiders.

Equitable Stock Performance

EQH stock traded up $1.23 during midday trading on Friday, reaching $50.49. The company had a trading volume of 1,851,301 shares, compared to its average volume of 2,621,700. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $15.49 billion, a PE ratio of 13.22 and a beta of 1.15. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The stock has a 50 day moving average price of $50.14 and a 200 day moving average price of $49.56.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business 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 firm's revenue was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.90%. Equitable's dividend payout ratio is currently 26.09%.

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.