National Pension Service Boosts Stake in Equitable Holdings, Inc. (NYSE:EQH)

National Pension Service increased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 23,851.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,399 shares of the company's stock after purchasing an additional 394,744 shares during the quarter. National Pension Service owned approximately 0.12% of Equitable worth $16,661,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Phillips Wealth Planners LLC purchased a new stake in Equitable in the third quarter valued at about $208,000. AustralianSuper Pty Ltd purchased a new stake in Equitable in the third quarter valued at about $7,045,000. First Trust Direct Indexing L.P. raised its stake in Equitable by 4.5% in the third quarter. First Trust Direct Indexing L.P. now owns 12,733 shares of the company's stock valued at $535,000 after buying an additional 548 shares during the last quarter. New York State Teachers Retirement System raised its stake in Equitable by 0.8% in the third quarter. New York State Teachers Retirement System now owns 142,781 shares of the company's stock valued at $6,001,000 after buying an additional 1,133 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its stake in Equitable by 5.9% in the third quarter. Integrated Advisors Network LLC now owns 30,610 shares of the company's stock valued at $1,287,000 after buying an additional 1,704 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, 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 completion of the transaction, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at $819,596.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, 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 completion of the transaction, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at $819,596.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now directly owns 668,555 shares of the company's stock, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock valued at $3,969,870. 1.10% of the stock is currently owned by corporate insiders.

Equitable Trading Down 1.8 %

Equitable stock traded down $0.85 during trading on Friday, reaching $47.47. 1,470,701 shares of the company were exchanged, compared to its average volume of 2,500,649. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51. The company has a market capitalization of $15.04 billion, a P/E ratio of -44.33 and a beta of 1.40. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The stock's 50 day simple moving average is $43.16 and its two-hundred day simple moving average is $41.37.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting analysts' consensus estimates of $1.53. Equitable had a positive return on equity of 85.96% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company's revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts expect that Equitable Holdings, Inc. will post 6.04 earnings per share for the current fiscal year.

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.