Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,251 shares of the company's stock after selling 9,960 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Equitable were worth $719,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. grew its holdings in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares in the last quarter. Mizuho Bank Ltd. lifted its stake in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after acquiring an additional 1,265 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays increased their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and increased their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, 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. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.91.

Equitable Stock Up 3.8 %

Equitable stock traded up $1.72 during midday trading on Tuesday, hitting $47.33. 259,578 shares of the company's stock were exchanged, compared to its average volume of 2,623,418. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The company has a market cap of $14.52 billion, a PE ratio of 12.40 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a 50-day moving average of $50.96 and a two-hundred day moving average of $49.19.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 2.03%. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business'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 directly owns 104,298 shares of the company's stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock worth $4,141,315 over the last three months. Company insiders own 1.10% of the company's stock.

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.