Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 422,373 shares of the company's stock after selling 459,043 shares during the period. Balyasny Asset Management L.P. owned 0.13% of Equitable worth $19,923,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bastion Asset Management Inc. acquired a new position in Equitable in the 4th quarter worth about $2,019,000. Bank of America Corp DE lifted its position in shares of Equitable by 69.9% during the 4th quarter. Bank of America Corp DE now owns 634,049 shares of the company's stock valued at $29,908,000 after buying an additional 260,826 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Equitable in the 4th quarter worth $53,927,000. Ameriprise Financial Inc. raised its position in Equitable by 2.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,105,018 shares of the company's stock worth $52,124,000 after acquiring an additional 22,569 shares during the period. Finally, Algert Global LLC lifted its holdings in Equitable by 1,247.7% during the fourth quarter. Algert Global LLC now owns 270,240 shares of the company's stock valued at $12,747,000 after purchasing an additional 250,188 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Evercore ISI dropped their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.08.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on 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. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders 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 Trading Up 0.3 %

EQH traded up $0.17 on Friday, hitting $51.36. The company had a trading volume of 2,425,297 shares, compared to its average volume of 2,612,464. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm has a market cap of $15.61 billion, a P/E ratio of 13.45 and a beta of 1.15. The company's fifty day moving average price is $49.85 and its 200 day moving average price is $49.70. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The business's revenue for the quarter was up 105.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. As a group, equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given 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 dividend yield of 1.87%. Equitable's dividend payout ratio is presently 26.09%.

About Equitable

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.