Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,629,438 shares of the company’s stock after selling 45,873 shares during the quarter. Geode Capital Management LLC’s holdings in Equitable were worth $265,081,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Equitable in the 4th quarter valued at about $668,250,000. State Street Corp boosted its holdings in shares of Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after acquiring an additional 338,205 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the period. Amundi raised its holdings in Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after purchasing an additional 957,828 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Equitable by 20.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after purchasing an additional 437,322 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on EQH shares. BMO Capital Markets boosted their price objective on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Wells Fargo & Company raised their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average target price of $60.75.

Equitable Stock Down 10.4 %

Shares of Equitable stock opened at $45.00 on Friday. The company has a market cap of $13.81 billion, a P/E ratio of 11.78 and a beta of 1.23. Equitable Holdings, Inc. has a 1 year low of $35.49 and a 1 year high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average price of $52.83 and a 200 day moving average price of $48.78.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, analysts expect 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 paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. Equitable’s dividend payout ratio (DPR) is 25.13%.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 629,939 shares in the company, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,332 shares of company stock worth $5,364,610 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Equitable 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.