Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by State Street Corp

State Street Corp lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,976,870 shares of the company's stock after purchasing an additional 338,205 shares during the period. State Street Corp owned about 4.14% of Equitable worth $545,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MQS Management LLC purchased a new position in Equitable in the third quarter worth $587,000. Friedenthal Financial acquired a new position in Equitable during the 2nd quarter valued at about $831,000. Maverick Capital Ltd. raised its stake in Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company's stock valued at $1,505,000 after buying an additional 25,678 shares during the last quarter. TCW Group Inc. boosted its holdings in Equitable by 94.6% in the second 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 in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Equitable by 55.3% during the second 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 last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

EQH traded down $0.49 during trading on Monday, hitting $46.76. The company's stock had a trading volume of 2,032,513 shares, compared to its average volume of 2,489,374. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51. The business's fifty day simple moving average is $45.93 and its 200 day simple moving average is $42.69. 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 $14.65 billion, a price-to-earnings ratio of -43.35 and a beta of 1.38.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share 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 the consensus estimate of $3.78 billion. During the same period last year, the firm posted $1.15 earnings per share. The company's revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. Equitable's dividend payout ratio is presently -88.07%.

Insider Buying and Selling

In other news, CAO William James Iv Eckert sold 3,500 shares of the company's 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 sale, the chief accounting officer now owns 19,321 shares of the company's stock, valued at approximately $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business's 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 transaction, the chief executive officer now directly owns 668,555 shares of the company's stock, valued at $27,263,672.90. The trade was a 4.29 % decrease in their ownership of the stock. 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. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on EQH. Barclays lifted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their target price on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research 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 stock from $54.00 to $58.00 in a report on Monday. Finally, Morgan Stanley decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock 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.