Quarry LP Trims Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Quarry LP trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 84.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,281 shares of the company's stock after selling 6,901 shares during the quarter. Quarry LP's holdings in Equitable were worth $60,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in Equitable by 5.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,980 shares of the company's stock valued at $471,000 after acquiring an additional 472 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Equitable by 25.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 125,000 shares of the company's stock worth $5,896,000 after buying an additional 25,000 shares in the last quarter. Pinebridge Investments L.P. lifted its stake in shares of Equitable by 26.5% in the fourth quarter. Pinebridge Investments L.P. now owns 123,022 shares of the company's stock worth $5,803,000 after buying an additional 25,752 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Equitable by 2.6% during 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 acquiring an additional 535,671 shares in the last quarter. Finally, Quantessence Capital LLC acquired a new stake in shares of Equitable during the 4th quarter worth approximately $256,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company boosted their price target on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets increased their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI decreased their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.33.

Insider Buying and Selling at Equitable

In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the transaction, the chief executive officer now owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock valued at $4,141,315 in the last ninety days. Insiders own 1.10% of the company's stock.

Equitable Stock Up 2.0 %

NYSE:EQH traded up $1.02 during midday trading on Wednesday, hitting $51.17. 294,158 shares of the company were exchanged, compared to its average volume of 2,609,774. 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 fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company has a market capitalization of $15.70 billion, a PE ratio of 13.40 and a beta of 1.15. The company has a fifty day simple moving average of $49.99 and a 200 day simple moving average of $49.59.

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

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is presently 26.09%.

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.