Mediolanum International Funds Ltd Sells 51,834 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mediolanum International Funds Ltd cut its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 44.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,856 shares of the company's stock after selling 51,834 shares during the quarter. Mediolanum International Funds Ltd's holdings in Equitable were worth $2,676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. &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 valued at $1,403,000 after acquiring an additional 254 shares during the period. iA Global Asset Management Inc. grew its position in Equitable by 4.8% in the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company's stock worth $233,000 after purchasing an additional 280 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock worth $288,000 after purchasing an additional 332 shares during the last quarter. US Bancorp DE increased its holdings in shares of Equitable by 4.4% during the 1st quarter. US Bancorp DE now owns 10,068 shares of the company's stock worth $383,000 after purchasing an additional 423 shares during the period. Finally, Capital Insight Partners LLC raised 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 valued at $720,000 after buying an additional 440 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Equitable from $36.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, July 2nd. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Monday, July 8th. Wells Fargo & Company lifted their target price on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, Truist Financial upped their target price on shares of Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. 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.com, Equitable presently has a consensus rating of "Moderate Buy" and an average price target of $48.70.

Equitable Trading Down 1.7 %

Shares of EQH stock traded down $0.77 on Friday, reaching $44.97. 1,332,154 shares of the stock were exchanged, compared to its average volume of 2,276,423. The stock has a 50 day moving average price of $42.26 and a 200 day moving average price of $40.80. The stock has a market cap of $14.25 billion, a PE ratio of 18.74 and a beta of 1.41. Equitable Holdings, Inc. has a one year low of $24.65 and a one year high of $46.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the company posted $1.17 EPS. The company's revenue was up 47.7% compared to the same quarter last year. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Insider Buying and Selling at Equitable

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