Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 57.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,446 shares of the company's stock after purchasing an additional 75,882 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Equitable worth $8,719,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Covestor Ltd boosted its stake in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of Equitable during the 1st quarter valued at about $28,000. LRI Investments LLC bought a new stake in shares of Equitable during the 1st quarter valued at about $45,000. Carolina Wealth Advisors LLC bought a new position in Equitable in the third quarter worth approximately $48,000. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 718 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Price Performance

Shares of Equitable stock traded down $0.51 on Tuesday, hitting $48.68. 620,480 shares of the company traded hands, compared to its average volume of 2,495,856. The company has a market cap of $15.25 billion, a P/E ratio of -44.40 and a beta of 1.40. Equitable Holdings, Inc. has a 12-month low of $26.31 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 simple moving average is $43.39 and its 200 day simple moving average is $41.58.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts' consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable's revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. Analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the business'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 owns 658,555 shares of the company's stock, valued at approximately $29,239,842. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO William James Iv Eckert sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief executive officer now owns 658,555 shares in the company, valued at $29,239,842. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,500 shares of company stock valued at $3,969,870. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Truist Financial raised their target price on shares of Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Barclays increased their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley decreased their price target on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.70.

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.