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

Aquatic Capital Management LLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 63.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,042 shares of the company's stock after selling 22,558 shares during the period. Aquatic Capital Management LLC's holdings in Equitable were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC grew its position in Equitable by 13.5% in the 3rd quarter. Barclays PLC now owns 501,498 shares of the company's stock valued at $21,076,000 after buying an additional 59,844 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Equitable by 2.9% during the 3rd quarter. Retirement Systems of Alabama now owns 388,430 shares of the company's stock worth $16,326,000 after purchasing an additional 11,085 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock worth $89,001,000 after acquiring an additional 148,180 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after purchasing an additional 153,457 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after buying an additional 352 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and boosted their price target for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI cut their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $61.33.

Equitable Trading Up 1.9 %

EQH stock traded up $0.96 during midday trading on Wednesday, reaching $51.11. The stock had a trading volume of 294,158 shares, compared to its average volume of 2,609,774. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 13.40 and a beta of 1.15. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. 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 business has a fifty day simple moving average of $49.99 and a two-hundred day simple moving average of $49.59.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company's quarterly revenue was up 105.2% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. As a group, research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is 26.09%.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business's 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 sale, the chief executive officer now directly owns 743,206 shares in the company, valued at approximately $35,346,877.36. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock valued at $4,141,315 in the last ninety days. 1.10% of the stock is owned by insiders.

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.