Equitable Holdings, Inc. (NYSE:EQH) Position Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 335.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,766 shares of the company's stock after purchasing an additional 38,342 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Equitable were worth $2,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EQH. Dimensional Fund Advisors LP lifted its stake in shares of Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock worth $166,855,000 after buying an additional 539,904 shares during the period. Acadian Asset Management LLC boosted its holdings in Equitable by 24,432.7% during the 2nd 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 purchased a new stake in Equitable during the 2nd quarter worth approximately $110,176,000. Charles Schwab Investment Management Inc. lifted its holdings in Equitable by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company's stock worth $91,000,000 after buying an additional 68,900 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock valued at $80,470,000 after buying an additional 721,028 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Insiders Place Their Bets

In related news, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the completion of the transaction, the chief executive officer now directly owns 648,555 shares of the company's stock, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 130,166 shares of company stock worth $5,709,605 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQH. Barclays lifted their target price on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Morgan Stanley lowered their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, August 19th. Finally, Truist Financial lifted their price target on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.70.

Equitable Stock Performance

Shares of NYSE:EQH traded up $1.51 during trading on Monday, reaching $49.13. The company had a trading volume of 2,218,094 shares, compared to its average volume of 2,495,099. 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 stock's fifty day moving average price is $44.72 and its 200 day moving average price is $42.15. Equitable Holdings, Inc. has a fifty-two week low of $29.20 and a fifty-two week high of $50.51. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of -43.69 and a beta of 1.40.

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

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is presently -88.07%.

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.