Equitable Holdings, Inc. (NYSE:EQH) Holdings Lifted by Barclays PLC

Barclays PLC grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 13.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 501,498 shares of the company's stock after purchasing an additional 59,844 shares during the period. Barclays PLC owned 0.16% of Equitable worth $21,076,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Covestor Ltd grew its stake in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after buying an additional 246 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Equitable by 892.9% during the second quarter. LRI Investments LLC now owns 1,112 shares of the company's stock valued at $45,000 after acquiring an additional 1,000 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Equitable during the third quarter worth about $48,000. UMB Bank n.a. increased its holdings in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after acquiring an additional 718 shares during the period. Finally, Quarry LP lifted its position in Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company's stock valued at $97,000 after purchasing an additional 2,039 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

Shares of EQH stock traded up $0.42 during mid-day trading on Friday, hitting $47.47. 2,456,998 shares of the stock traded hands, compared to its average volume of 2,489,404. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of -43.55 and a beta of 1.38. The company's 50-day simple moving average is $46.42 and its 200-day simple moving average is $42.91. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly 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 negative net margin of 2.64% and a positive return on equity of 76.47%. The firm 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 earned $1.15 earnings per share. Equitable's revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley decreased 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. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised Equitable from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, Barclays boosted their price target on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $50.10.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This trade represents a 4.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,166 shares of company stock worth $4,443,605. Corporate insiders own 1.10% of the company's stock.

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.