Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 163,951 shares of the company's stock after selling 5,259 shares during the period. Graham Capital Management L.P. owned 0.05% of Equitable worth $7,734,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Equitable by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock valued at $1,003,705,000 after buying an additional 535,671 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Equitable by 0.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company's stock worth $897,752,000 after buying an additional 79,999 shares in the last quarter. Norges Bank bought a new stake in shares of Equitable in the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP raised its holdings in shares of Equitable by 59.9% in the 4th 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 during the period. Finally, Invesco Ltd. raised its holdings in Equitable by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,089,046 shares of the company's stock valued at $381,560,000 after acquiring an additional 355,078 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

Equitable stock traded up $0.79 during trading hours on Tuesday, reaching $54.73. 89,040 shares of the stock were exchanged, compared to its average volume of 2,597,824. The company has a market cap of $16.63 billion, a P/E ratio of 14.33 and a beta of 1.15. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The stock has a 50 day moving average of $49.88 and a two-hundred day moving average of $49.79.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue was up 105.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company 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. This represents a $0.96 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is 26.09%.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company'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 directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.56, for a total value of $1,426,800.00. Following the completion of the sale, the chief executive officer now owns 743,206 shares in the company, valued at approximately $35,346,877.36. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EQH shares. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and raised their price objective for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets raised their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.08.

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.