Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Point72 Europe London LLP

Point72 Europe London LLP grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,800 shares of the company's stock after purchasing an additional 18,451 shares during the quarter. Point72 Europe London LLP's holdings in Equitable were worth $4,047,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EQH. Polar Capital Holdings Plc bought a new stake in Equitable during the fourth quarter worth approximately $9,288,000. ProShare Advisors LLC boosted its holdings in Equitable by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 14,672 shares of the company's stock worth $692,000 after purchasing an additional 733 shares in the last quarter. Quantinno Capital Management LP boosted its position in Equitable by 66.5% during the fourth quarter. Quantinno Capital Management LP now owns 42,817 shares of the company's stock worth $2,020,000 after purchasing an additional 17,095 shares during the period. Man Group plc grew its position in shares of Equitable by 616.6% in the fourth quarter. Man Group plc now owns 1,245,568 shares of the company's stock valued at $58,753,000 after purchasing an additional 1,071,763 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Equitable in the fourth quarter worth $2,351,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective 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. Finally, Evercore ISI lowered their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.08.

Equitable Trading Down 1.1%

Shares of EQH stock opened at $53.65 on Thursday. The stock's fifty day simple moving average is $50.04 and its 200 day simple moving average is $49.85. The firm has a market capitalization of $16.30 billion, a P/E ratio of 14.04 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.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly 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). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.43 EPS. The firm's revenue for the quarter was up 105.2% on a year-over-year basis. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 743,206 shares of the company's stock, valued at approximately $35,346,877.36. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock worth $4,141,315 in the last ninety days. Corporate 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.

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