Natixis Advisors LLC Has $1.40 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC raised its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 76.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,321 shares of the company's stock after buying an additional 14,434 shares during the quarter. Natixis Advisors LLC's holdings in Equitable were worth $1,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes 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 purchasing an additional 246 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Equitable during the 1st quarter worth $28,000. 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 purchasing an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of Equitable during the 3rd quarter worth $48,000. Finally, UMB Bank n.a. grew its holdings in shares of Equitable by 86.3% during 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. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other news, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction dated 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 in the company, valued at $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated 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 owns 668,555 shares of the company's stock, valued at $27,263,672.90. This trade represents a 4.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,166 shares of company stock worth $5,709,605 over the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Equitable Price Performance

Equitable stock opened at $48.31 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 12 month low of $29.20 and a 12 month high of $50.51. The stock has a 50-day moving average price of $44.88 and a two-hundred day moving average price of $42.22.

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 the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business's quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the company earned $1.15 earnings per share. On average, equities research analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. Equitable's dividend payout ratio (DPR) is -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.