National Bank of Canada FI Has $7.27 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

National Bank of Canada FI grew its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 302.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,906 shares of the company's stock after purchasing an additional 129,913 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Equitable worth $7,267,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EQH. Acadian Asset Management LLC raised its holdings in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock worth $129,444,000 after purchasing an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Equitable during the second quarter valued at approximately $110,176,000. Samlyn Capital LLC acquired a new stake in shares of Equitable during the 2nd quarter worth approximately $63,334,000. Principal Financial Group Inc. lifted its holdings in shares of Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock worth $80,470,000 after purchasing an additional 721,028 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Equitable by 1,095.9% during the 2nd quarter. Federated Hermes Inc. now owns 600,662 shares of the company's stock valued at $24,543,000 after purchasing an additional 550,436 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Price Performance

NYSE EQH traded down $0.13 on Thursday, reaching $47.05. The company's stock had a trading volume of 1,918,885 shares, compared to its average volume of 2,489,539. The firm's 50 day moving average is $46.22 and its two-hundred day moving average is $42.80. The stock has a market cap of $14.74 billion, a PE ratio of -43.12 and a beta of 1.38. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. 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 posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (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 analyst estimates of $3.78 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The firm's quarterly revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a $0.24 dividend. 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%.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on 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 sale, the chief operating officer now owns 105,246 shares of the company's stock, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 4.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,166 shares of company stock valued at $4,443,605. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.