B. Metzler seel. Sohn & Co. Holding AG Takes $1.97 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 46,974 shares of the company's stock, valued at approximately $1,974,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MQS Management LLC purchased a new position in shares of Equitable during the 3rd quarter worth approximately $587,000. Friedenthal Financial purchased a new position in shares of Equitable during the 2nd quarter worth approximately $831,000. Maverick Capital Ltd. grew its holdings in shares of Equitable by 230.0% during the 2nd 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 shares of 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 during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQH. Truist Financial upped their price target on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their price target on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley cut their target price on Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.70.

Equitable Stock Performance

Equitable stock traded up $0.82 during trading on Friday, reaching $47.62. The company had a trading volume of 2,186,004 shares, compared to its average volume of 2,496,319. Equitable Holdings, Inc. has a 52 week low of $28.86 and a 52 week high of $50.51. The firm's 50-day simple moving average is $44.57 and its 200 day simple moving average is $42.06. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of -43.69 and a beta of 1.40. 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 announced its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders 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 yield of 2.02%. Equitable's dividend payout ratio is presently -88.07%.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 15.34 % 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, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares of the company's stock, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 130,166 shares of company stock valued at $5,709,605 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

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.