Charles Schwab Investment Management Inc. Has $91 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Charles Schwab Investment Management Inc. grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,165,115 shares of the company's stock after purchasing an additional 68,900 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Equitable worth $91,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQH. Covestor Ltd lifted its position in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after buying an additional 246 shares during the period. New Covenant Trust Company N.A. purchased a new stake in Equitable in the first quarter valued at approximately $28,000. LRI Investments LLC increased its position in Equitable by 892.9% during the second quarter. LRI Investments LLC now owns 1,112 shares of the company's stock worth $45,000 after purchasing an additional 1,000 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Equitable in the 3rd quarter valued at $48,000. Finally, UMB Bank n.a. increased its holdings in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after buying an additional 718 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQH. Morgan Stanley reduced their price objective 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 raised their target price on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Truist Financial raised their price objective on Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Barclays upped their target price on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.70.

Equitable Price Performance

EQH stock opened at $48.31 on Wednesday. The company has a market capitalization of $15.14 billion, a PE ratio of -44.32 and a beta of 1.40. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock's 50 day moving average is $44.88 and its two-hundred day moving average is $42.22. Equitable Holdings, Inc. has a 52-week low of $29.20 and a 52-week 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 EPS for the quarter, hitting analysts' consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. Equitable's dividend payout ratio is presently -88.07%.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on 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 sale, the chief executive officer now owns 648,555 shares of the company's stock, valued at $30,760,963.65. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's 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 approximately $5,002,342.38. The trade was a 5.96 % 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 valued at $5,709,605 over the last three months. Company insiders own 1.10% of the company's stock.

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.