Assenagon Asset Management S.A. Lowers Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Assenagon Asset Management S.A. lowered its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 34.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,349 shares of the company's stock after selling 85,611 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Equitable worth $6,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC raised its stake in shares of Equitable by 40.0% during the first quarter. Tributary Capital Management LLC now owns 10,500 shares of the company's stock valued at $399,000 after acquiring an additional 3,000 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Equitable by 1.0% during the first quarter. State of Michigan Retirement System now owns 84,486 shares of the company's stock worth $3,211,000 after acquiring an additional 800 shares during the last quarter. Norden Group LLC acquired a new position in shares of Equitable in the first quarter worth approximately $212,000. First Trust Direct Indexing L.P. boosted its holdings in Equitable by 9.4% in the first quarter. First Trust Direct Indexing L.P. now owns 9,161 shares of the company's stock valued at $348,000 after acquiring an additional 788 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Equitable by 265.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company's stock worth $2,642,000 after purchasing an additional 50,460 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

Shares of NYSE EQH traded down $0.04 during midday trading on Tuesday, reaching $45.81. The company's stock had a trading volume of 1,960,698 shares, compared to its average volume of 2,480,866. The stock has a market capitalization of $14.90 billion, a P/E ratio of 14.19 and a beta of 1.41. 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 firm has a 50 day moving average price of $42.36 and a 200-day moving average price of $40.86. Equitable Holdings, Inc. has a 12-month low of $24.65 and a 12-month high of $46.30.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EQH shares. Truist Financial lifted their target price on shares of Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods lifted their target price on Equitable from $43.00 to $44.00 and gave the stock a "market perform" rating in a report on Monday, July 8th. Citigroup boosted their price target on Equitable from $41.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Barclays increased their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and an average target price of $48.70.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the 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 completion of the transaction, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the company's 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable 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 of the company's stock, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,500 shares of company stock valued at $3,969,870 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.