Equitable Holdings, Inc. $EQH Shares Sold by Prudential PLC

Key Points

• Prudential PLC reduced its stake in Equitable Holdings, Inc. by 11.1%, owning 44,537 shares worth approximately $2.32 million after selling 5,575 shares in the first quarter.
• Multiple large investors, including Atlas Capital Advisors Inc. and Oppenheimer & Co. Inc., have recently increased their positions in Equitable, showcasing significant investor interest.
• Equitable has received mixed ratings from analysts, with a price target range currently between $63.00 and $75.00, indicating a general sentiment of "Moderate Buy."

Prudential PLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,537 shares of the company's stock after selling 5,575 shares during the period. Prudential PLC's holdings in Equitable were worth $2,320,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in Equitable by 0.3% during the first quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock worth $4,613,000 after acquiring an additional 260 shares during the period. Colonial Trust Co SC grew its position in Equitable by 7.0% during the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after purchasing an additional 278 shares in the last quarter. Fifth Third Bancorp grew its stake in Equitable by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock valued at $268,000 after acquiring an additional 299 shares in the last quarter. Mutual Advisors LLC grew its stake in Equitable by 5.3% in the first quarter. Mutual Advisors LLC now owns 6,367 shares of the company's stock valued at $316,000 after purchasing an additional 319 shares in the last quarter. Finally, Wedmont Private Capital grew its position in Equitable by 8.4% in the first quarter. Wedmont Private Capital now owns 4,539 shares of the company's stock worth $236,000 after acquiring an additional 353 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Trading Down 1.5%

Shares of NYSE:EQH traded down $0.78 on Monday, hitting $53.12. 1,542,074 shares of the company's stock were exchanged, compared to its average volume of 2,800,888. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The business's 50 day simple moving average is $53.22 and its two-hundred day simple moving average is $52.14. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 42.87 and a beta of 1.14. Equitable Holdings, Inc. has a 12 month low of $37.99 and a 12 month high of $56.61.

Equitable Dividend Announcement

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

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $52.22, for a total transaction of $1,566,600.00. Following the sale, the chief executive officer owned 714,367 shares of the company's stock, valued at $37,304,244.74. The trade was a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the transaction, the chief accounting officer directly owned 19,827 shares in the company, valued at approximately $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 90 days. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQH. UBS Group reduced their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Evercore ISI lowered their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company decreased their price objective on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Morgan Stanley reduced their target price on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.90.

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.