Schonfeld Strategic Advisors LLC Trims Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Schonfeld Strategic Advisors LLC lessened its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,642 shares of the company's stock after selling 11,426 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Equitable were worth $1,776,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EQH. Norges Bank purchased a new stake in Equitable during the fourth quarter valued at $668,250,000. Wellington Management Group LLP increased its position in Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB increased its position in Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after buying an additional 1,261,466 shares in the last quarter. Finally, Amundi increased its position in Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company's stock worth $130,351,000 after buying an additional 957,828 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Morgan Stanley reduced their price target on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods upped their price target on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Evercore ISI dropped their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

Insider Activity at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. The trade was a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,332 shares of company stock valued at $4,141,315. Insiders own 1.10% of the company's stock.

Equitable Price Performance

Equitable stock traded up $0.17 during midday trading on Friday, reaching $51.36. 2,425,297 shares of the stock traded hands, compared to its average volume of 2,612,464. The stock's fifty day moving average is $49.85 and its 200-day moving average is $49.73. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The stock has a market cap of $15.61 billion, a P/E ratio of 13.45 and a beta of 1.15. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

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

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is presently 26.09%.

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.