Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 42.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 756,576 shares of the company's stock after selling 558,215 shares during the quarter. Deutsche Bank AG owned about 0.25% of Equitable worth $39,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock worth $110,286,000 after buying an additional 2,071,691 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Equitable by 237.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after buying an additional 1,236,799 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Equitable during the 4th quarter worth approximately $53,927,000. Man Group plc increased its position in shares of Equitable by 616.6% in the 4th 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, Freestone Grove Partners LP purchased a new stake in shares of Equitable in the 4th quarter valued at approximately $48,472,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $53.18, for a total value of $1,595,400.00. Following the completion of the sale, the chief executive officer owned 724,367 shares in the company, valued at approximately $38,521,837.06. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer owned 19,827 shares of the company's stock, valued at $1,052,615.43. This trade represents a 16.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,000 shares of company stock worth $4,940,960 over the last three months. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on EQH shares. Evercore ISI dropped their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wells Fargo & Company dropped their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $68.00 target price (up from $67.00) on shares of Equitable in a research report on Monday, July 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Equitable Stock Performance

Equitable stock traded down $0.80 during midday trading on Friday, hitting $53.84. 3,322,010 shares of the company's stock were exchanged, compared to its average volume of 2,786,567. Equitable Holdings, Inc. has a 12-month low of $37.99 and a 12-month high of $56.61. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.10 and a current ratio of 0.14. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 43.42 and a beta of 1.14. The firm's 50 day simple moving average is $53.22 and its 200 day simple moving average is $52.16.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable's dividend payout ratio (DPR) is presently 87.10%.

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.