Fmr LLC Grows Position in Equitable Holdings, Inc. (NYSE:EQH)

FMR LLC grew its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 710,951 shares of the company's stock after purchasing an additional 152,847 shares during the quarter. FMR LLC owned approximately 0.23% of Equitable worth $29,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its position in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 246 shares during the period. LRI Investments LLC boosted its position in shares of Equitable by 892.9% in 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 period. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the third quarter worth approximately $48,000. UMB Bank n.a. boosted its position in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after purchasing an additional 718 shares during the period. Finally, Quarry LP lifted its holdings in shares of Equitable by 623.5% in the second quarter. Quarry LP now owns 2,366 shares of the company's stock worth $97,000 after buying an additional 2,039 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $54.00 to $58.00 in a report on Monday. Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Morgan Stanley lowered their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, August 19th. Finally, Wells Fargo & Company boosted their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Equitable currently has an average rating of "Moderate Buy" and an average target price of $50.10.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares of the company's stock, valued at approximately $30,760,963.65. This trade represents a 4.42 % 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. Company insiders own 1.10% of the company's stock.

Equitable Trading Down 1.0 %

EQH stock traded down $0.49 during mid-day trading on Monday, reaching $46.76. 2,032,513 shares of the stock traded hands, compared to its average volume of 2,489,374. 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 one year low of $31.76 and a one year high of $50.51. The stock has a market capitalization of $14.65 billion, a PE ratio of -43.35 and a beta of 1.38. The business has a 50-day moving average price of $45.93 and a two-hundred day moving average price of $42.69.

Equitable (NYSE:EQH - Get Free Report) last posted 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 analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business's revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. Equities research analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

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

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.