Jacobs Levy Equity Management Inc. Boosts Stake in Equitable Holdings, Inc. (NYSE:EQH)

Jacobs Levy Equity Management Inc. grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1,309.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 242,163 shares of the company's stock after acquiring an additional 224,987 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.08% of Equitable worth $10,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 246 shares during the period. LRI Investments LLC grew its holdings in shares of Equitable by 892.9% during the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company's stock worth $45,000 after acquiring an additional 1,000 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of Equitable in the 3rd quarter worth approximately $48,000. UMB Bank n.a. boosted its position in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after purchasing an additional 718 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company's stock worth $97,000 after purchasing an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Stock Down 1.0 %

EQH stock traded down $0.48 during midday trading on Friday, hitting $47.25. The company's stock had a trading volume of 1,504,163 shares, compared to its average volume of 2,491,310. The company has a market cap of $14.81 billion, a PE ratio of -43.79 and a beta of 1.38. Equitable Holdings, Inc. has a 12 month low of $31.62 and a 12 month high of $50.51. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm's 50-day moving average is $45.83 and its 200-day moving average is $42.61.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations 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 was down 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.03%. Equitable's payout ratio is -88.07%.

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. 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 report on Monday, August 19th. Finally, Barclays boosted their price target on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average target price of $48.70.

Insider Activity

In other news, CAO William James Iv Eckert sold 3,500 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This represents a 15.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $47.43, for a total value 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 ownership of the stock. 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 ninety days. 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.