Schonfeld Strategic Advisors LLC Sells 11,426 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Schonfeld Strategic Advisors LLC cut its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,642 shares of the company's stock after selling 11,426 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Equitable were worth $1,776,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. lifted its position in Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after buying an additional 209 shares during the period. Truist Financial Corp boosted its holdings in shares of Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after buying an additional 257 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after buying an additional 266 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Equitable by 2.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after acquiring an additional 283 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Trading Down 0.2 %

Shares of EQH stock opened at $50.34 on Tuesday. 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 12-month low of $36.46 and a 12-month high of $56.00. The stock has a market capitalization of $15.45 billion, a P/E ratio of 13.18 and a beta of 1.15. The firm's 50 day moving average is $50.06 and its 200 day moving average is $49.59.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is currently 26.09%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EQH. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Morgan Stanley reduced their price objective on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $77.00 in a report on Wednesday, April 2nd. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Equitable presently has an average rating of "Moderate Buy" and an average price target of $61.33.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,332 shares of company stock worth $4,141,315 in the last quarter. Company insiders own 1.10% of the company's stock.

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.

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