Bridgewater Associates LP Invests $564,000 in Equitable Holdings, Inc. (NYSE:EQH)

Bridgewater Associates LP bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,414 shares of the company's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. LRI Investments LLC boosted its holdings in Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company's stock worth $45,000 after purchasing an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Equitable during the third quarter worth $48,000. UMB Bank n.a. raised its holdings in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after buying an additional 718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Equitable by 141.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company's stock worth $96,000 after acquiring an additional 1,526 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $47.43, for a total value of $1,422,900.00. Following the transaction, the chief executive officer now directly owns 648,555 shares of the company's stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,166 shares of company stock valued at $4,443,605 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Equitable Stock Performance

EQH stock traded up $0.21 during trading on Tuesday, reaching $47.56. 3,059,154 shares of the stock were exchanged, compared to its average volume of 2,499,791. The stock has a 50 day simple moving average of $45.49 and a 200-day simple moving average of $42.49. 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 capitalization of $14.90 billion, a P/E ratio of -43.42 and a beta of 1.38. Equitable Holdings, Inc. has a twelve month low of $31.31 and a twelve month high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the business posted $1.15 earnings per share. Equitable's quarterly revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. Equitable's payout ratio is currently -88.07%.

Analyst Ratings Changes

EQH has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on 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 price objective on shares of 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 target price on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. 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.com, Equitable has a consensus rating of "Moderate Buy" and a consensus target price of $48.70.

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.