Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 90.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,954 shares of the company's stock after selling 45,162 shares during the quarter. Tudor Investment Corp ET AL's holdings in Equitable were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. grew its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew 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 worth $310,000 after buying an additional 209 shares in the last quarter. Truist Financial Corp boosted its holdings in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after purchasing an additional 257 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after acquiring an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock valued at $631,000 after acquiring an additional 283 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Performance

EQH traded up $2.56 during trading on Monday, hitting $53.90. The company's stock had a trading volume of 1,392,231 shares, compared to its average volume of 2,607,582. The firm has a market cap of $16.38 billion, a PE ratio of 14.11 and a beta of 1.15. Equitable Holdings, Inc. has a one year low of $36.46 and a one year high of $56.00. The business's 50 day simple moving average is $49.88 and its 200-day simple moving average is $49.79. 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 issued its quarterly earnings data 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 return on equity of 85.70% and a net margin of 10.51%. The business had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The business's quarterly revenue was up 105.2% on a year-over-year basis. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is presently 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 dated Tuesday, February 18th. The shares were 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 owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. The trade was a 3.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of several research analyst reports. Truist Financial boosted 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. Morgan Stanley lowered their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets upped their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Finally, Evercore ISI cut their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Equitable presently has an average rating of "Moderate Buy" and an average target price of $61.08.

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.