UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 54,380 Shares of Equitable Holdings, Inc. (NYSE:EQH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220,356 shares of the company’s stock after buying an additional 54,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of Equitable worth $93,322,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. MQS Management LLC bought a new stake in Equitable during the 3rd quarter valued at $587,000. Friedenthal Financial bought a new stake in shares of Equitable in the second quarter valued at about $831,000. Maverick Capital Ltd. lifted its stake in Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock worth $1,505,000 after acquiring an additional 25,678 shares during the period. TCW Group Inc. grew its holdings in Equitable by 94.6% during the 2nd quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock worth $5,484,000 after acquiring an additional 65,232 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Equitable by 55.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after acquiring an additional 22,346 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQH. Morgan Stanley lowered their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Wells Fargo & Company upped their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays lifted their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Performance

Shares of EQH stock opened at $47.33 on Tuesday. Equitable Holdings, Inc. has a 12-month low of $31.31 and a 12-month high of $50.51. The business’s fifty day simple moving average is $45.39 and its 200-day simple moving average is $42.44. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a market cap of $14.83 billion, a PE ratio of -43.42 and a beta of 1.40.

Equitable (NYSE:EQH) last announced its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. Analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 26th. Equitable’s payout ratio is currently -88.07%.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now owns 648,555 shares in the company, valued at approximately $30,760,963.65. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,166 shares of company stock worth $4,443,605 in the last three months. Corporate insiders own 1.10% of the company’s stock.

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.