Equitable Holdings, Inc. (NYSE:EQH) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 426.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,575 shares of the company’s stock after purchasing an additional 86,314 shares during the quarter. Quantbot Technologies LP’s holdings in Equitable were worth $4,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MQS Management LLC purchased a new position in shares of Equitable in the third quarter worth approximately $587,000. Friedenthal Financial acquired a new stake in Equitable during the 2nd quarter valued at $831,000. Maverick Capital Ltd. lifted its holdings in shares of Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after purchasing an additional 25,678 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Equitable by 94.6% during the second quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock valued at $5,484,000 after buying an additional 65,232 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Equitable by 55.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock valued at $2,564,000 after buying an additional 22,346 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQH shares. Wells Fargo & Company raised their price objective on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Truist Financial lifted their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Performance

Shares of EQH stock opened at $48.31 on Wednesday. The business’s 50 day moving average is $44.88 and its two-hundred day moving average is $42.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 12 month low of $29.20 and a 12 month high of $50.51.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. Sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 15.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 4.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,166 shares of company stock valued at $5,709,605. 1.10% of the stock is owned by company insiders.

Equitable Company 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.