Massachusetts Financial Services Co. MA Has $189.36 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Massachusetts Financial Services Co. MA reduced its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,505,223 shares of the company's stock after selling 438,495 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.44% of Equitable worth $189,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new position in shares of Equitable during the 3rd quarter valued at about $587,000. Friedenthal Financial acquired a new stake in shares of Equitable during the 2nd quarter worth approximately $831,000. Maverick Capital Ltd. increased its holdings in shares of Equitable by 230.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company's stock worth $1,505,000 after buying an additional 25,678 shares during the last quarter. TCW Group Inc. raised its position in shares of Equitable by 94.6% during the 2nd quarter. TCW Group Inc. now owns 134,215 shares of the company's stock valued at $5,484,000 after buying an additional 65,232 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Equitable by 55.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company's stock valued at $2,564,000 after acquiring an additional 22,346 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research reports. Truist Financial lifted their price objective on Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Barclays boosted their price target 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 raised their price objective 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. Finally, Morgan Stanley cut their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.70.

Equitable Stock Up 1.8 %

NYSE:EQH traded up $0.82 during mid-day trading on Friday, reaching $47.62. The stock had a trading volume of 2,186,004 shares, compared to its average volume of 2,553,186. The business's 50 day moving average is $44.57 and its 200 day moving average is $42.06. 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 Holdings, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. The business had revenue of $3.08 billion for 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 firm's revenue was down 15.1% compared to the same quarter last year. During the same period last year, the business earned $1.15 EPS. As a group, equities research analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares in the company, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,166 shares of company stock worth $5,709,605. 1.10% of the stock is currently owned by company insiders.

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.