Holocene Advisors LP Has $6.60 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Holocene Advisors LP raised its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 486.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,085 shares of the company's stock after purchasing an additional 130,306 shares during the period. Holocene Advisors LP owned 0.05% of Equitable worth $6,602,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its stake 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 buying an additional 246 shares in the last quarter. &PARTNERS boosted its position in shares of Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company's stock worth $1,403,000 after purchasing an additional 254 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock worth $288,000 after acquiring an additional 332 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Equitable by 2.6% during the second quarter. Capital Insight Partners LLC now owns 17,612 shares of the company's stock worth $720,000 after acquiring an additional 440 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Equitable by 3.6% during the third quarter. Creative Planning now owns 13,541 shares of the company's stock worth $569,000 after acquiring an additional 476 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased 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. Morgan Stanley lowered their price target 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, 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.70.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the sale, the chief executive officer now directly owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO William James Iv Eckert sold 3,500 shares of the business'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 transaction, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at approximately $819,596.82. This represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,166 shares of company stock valued at $4,443,605. Insiders own 1.10% of the company's stock.

Equitable Price Performance

Equitable stock traded up $0.15 during midday trading on Wednesday, reaching $47.71. 1,339,448 shares of the company were exchanged, compared to its average volume of 2,496,277. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of -43.65 and a beta of 1.38. The firm's 50-day simple moving average is $45.60 and its 200-day simple moving average is $42.54. Equitable Holdings, Inc. has a 1 year low of $31.31 and a 1 year high of $50.51. 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 (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.53. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.01%. Equitable's payout ratio is currently -88.07%.

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.