MQS Management LLC Makes New Investment in Equitable Holdings, Inc. (NYSE:EQH)

MQS Management LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,977 shares of the company’s stock, valued at approximately $587,000.

A number of other institutional investors have also added to or reduced their stakes in EQH. Canada Pension Plan Investment Board grew its position in shares of Equitable by 3.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after acquiring an additional 637,916 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after acquiring an additional 3,155,487 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Equitable during the second quarter worth $110,176,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on EQH shares. Citigroup lifted their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial increased their target price on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price objective on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley dropped their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Wells Fargo & Company upped their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,166 shares of company stock valued at $4,286,705 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Equitable Price Performance

EQH stock opened at $48.55 on Wednesday. The company’s 50-day moving average price is $43.53 and its two-hundred day moving average price is $41.66. Equitable Holdings, Inc. has a 12 month low of $26.31 and a 12 month high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a market cap of $15.21 billion, a P/E ratio of -44.54 and a beta of 1.40.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company’s revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

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.