Centiva Capital LP Purchases 14,556 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Centiva Capital LP increased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 27.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,486 shares of the company's stock after purchasing an additional 14,556 shares during the quarter. Centiva Capital LP's holdings in Equitable were worth $2,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its holdings in Equitable by 37.5% during the 1st quarter. Cetera Advisors LLC now owns 13,227 shares of the company's stock worth $503,000 after buying an additional 3,608 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Equitable by 141.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company's stock valued at $96,000 after buying an additional 1,526 shares during the period. GAMMA Investing LLC boosted its position in Equitable by 243.3% during the second quarter. GAMMA Investing LLC now owns 6,657 shares of the company's stock valued at $272,000 after acquiring an additional 4,718 shares during the last quarter. DNB Asset Management AS raised its position in shares of Equitable by 15.2% in the 2nd quarter. DNB Asset Management AS now owns 58,140 shares of the company's stock worth $2,376,000 after acquiring an additional 7,674 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Equitable by 42.5% in the 2nd quarter. CWM LLC now owns 4,175 shares of the company's stock valued at $171,000 after purchasing an additional 1,246 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Stock Up 0.4 %

NYSE EQH traded up $0.21 during trading hours on Tuesday, hitting $47.56. The company's stock had a trading volume of 1,938,792 shares, compared to its average volume of 2,494,275. The company has a market capitalization of $14.90 billion, a PE ratio of -43.42 and a beta of 1.38. Equitable Holdings, Inc. has a 52 week low of $31.31 and a 52 week high of $50.51. The company's 50-day simple moving average is $45.49 and its two-hundred day simple moving average is $42.49. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

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

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, November 26th. Equitable's payout ratio is -88.07%.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the 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 sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,166 shares of company stock valued at $4,443,605 in the last 90 days. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EQH shares. Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company increased their target price 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. Finally, Barclays lifted their price target on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.70.

About Equitable

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.