MQS Management LLC Invests $587,000 in Equitable Holdings, Inc. (NYSE:EQH)

MQS Management LLC bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,977 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQH. Acadian Asset Management LLC increased its stake in Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after acquiring an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Equitable in the 2nd quarter valued at approximately $110,176,000. Samlyn Capital LLC acquired a new position in shares of Equitable in the 2nd quarter worth approximately $63,334,000. Principal Financial Group Inc. lifted its position in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock worth $80,470,000 after buying an additional 721,028 shares during the period. Finally, Swedbank AB acquired a new stake in Equitable in the 1st quarter valued at $27,237,000. 92.70% of the stock is currently owned by institutional investors.

Equitable Trading Down 1.3 %

NYSE:EQH traded down $0.63 during mid-day trading on Wednesday, hitting $47.92. The company had a trading volume of 2,193,887 shares, compared to its average volume of 2,499,409. Equitable Holdings, Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $50.51. The business's fifty day moving average is $43.53 and its two-hundred day moving average is $41.66. 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 (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion for 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%. Equitable's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares of the company's stock, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,166 shares of company stock valued at $4,286,705. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on EQH. Morgan Stanley reduced their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Truist Financial upped their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Barclays lifted their target price 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. Wells Fargo & Company increased their price target on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Citigroup boosted their price objective on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.70.

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.