Bank of Montreal Can Has $16.33 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Bank of Montreal Can raised its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1,133.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 388,941 shares of the company's stock after acquiring an additional 357,417 shares during the quarter. Bank of Montreal Can owned 0.12% of Equitable worth $16,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. MQS Management LLC acquired a new stake in Equitable during the 3rd quarter worth about $587,000. Friedenthal Financial acquired a new stake in Equitable in the 2nd quarter worth approximately $831,000. Maverick Capital Ltd. lifted its holdings in Equitable by 230.0% in the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company's stock worth $1,505,000 after purchasing an additional 25,678 shares during the last quarter. TCW Group Inc. boosted its position in Equitable by 94.6% during the second quarter. TCW Group Inc. now owns 134,215 shares of the company's stock worth $5,484,000 after purchasing an additional 65,232 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Equitable by 55.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company's stock valued at $2,564,000 after purchasing an additional 22,346 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on 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 directly owns 19,321 shares of the company's stock, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. The trade was a 4.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,166 shares of company stock worth $4,443,605. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQH. Wells Fargo & Company boosted their price objective 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. Morgan Stanley cut their target price 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. Finally, Barclays raised their price target on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.70.

Equitable Stock Performance

EQH traded up $0.15 on Friday, hitting $48.23. 889,876 shares of the stock traded hands, compared to its average volume of 2,705,681. The business has a fifty day moving average price of $45.39 and a two-hundred day moving average price of $42.43. 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 firm has a market capitalization of $15.11 billion, a PE ratio of -44.25 and a beta of 1.40. Equitable Holdings, Inc. has a 52 week low of $29.70 and a 52 week 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. The business 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 quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. On average, research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, November 26th. Equitable's payout ratio is -88.07%.

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.