Bridgefront Capital LLC Cuts Position in Equitable Holdings, Inc. (NYSE:EQH)

Bridgefront Capital LLC lessened its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,729 shares of the company's stock after selling 7,048 shares during the quarter. Bridgefront Capital LLC's holdings in Equitable were worth $1,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EQH. Norges Bank acquired a new stake in shares of Equitable during the 4th quarter worth about $668,250,000. Wellington Management Group LLP lifted its stake in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after purchasing an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after buying an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock valued at $69,289,000 after buying an additional 1,261,466 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Equitable by 237.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock valued at $82,955,000 after buying an additional 1,236,799 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Performance

NYSE:EQH traded up $0.17 during mid-day trading on Friday, reaching $51.36. 2,425,297 shares of the stock were exchanged, compared to its average volume of 2,610,965. The stock has a market capitalization of $15.61 billion, a P/E ratio of 13.45 and a beta of 1.15. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a 50 day simple moving average of $49.85 and a 200-day simple moving average of $49.67. 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 announced its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) 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 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 was up 105.2% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. Equitable's payout ratio is 26.09%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EQH. JPMorgan Chase & Co. increased their price target 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. Truist Financial boosted their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and increased their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. BMO Capital Markets lifted 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. Finally, Morgan Stanley cut their target price 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. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.08.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 83,332 shares of company stock worth $4,141,315. 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.