Unigestion Holding SA Takes $847,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

Unigestion Holding SA purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,154 shares of the company's stock, valued at approximately $847,000.

Other large investors also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. LRI Investments LLC boosted its position in shares of 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 buying an additional 1,000 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable in the third quarter worth about $48,000. UMB Bank n.a. raised its holdings in shares of Equitable by 86.3% during the 3rd 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 during the period. Finally, Quarry LP lifted its position in Equitable by 623.5% during the 2nd quarter. Quarry LP now owns 2,366 shares of the company's stock worth $97,000 after acquiring an additional 2,039 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Down 0.3 %

NYSE:EQH traded down $0.12 during mid-day trading on Thursday, reaching $47.06. The stock had a trading volume of 1,918,885 shares, compared to its average volume of 2,489,539. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of -43.17 and a beta of 1.38. Equitable Holdings, Inc. has a 1-year low of $31.76 and a 1-year high of $50.51. The stock's 50 day simple moving average is $46.33 and its two-hundred day simple moving average is $42.83.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. Equitable's dividend payout ratio (DPR) is -88.07%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective 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. Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $54.00 to $58.00 in a research report on Monday. Finally, Barclays lifted their target price on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and an average price target of $50.10.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares of the company's stock, valued at $30,760,963.65. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,166 shares of company stock valued at $4,443,605. Company 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.