Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 28.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,500 shares of the company's stock after purchasing an additional 14,100 shares during the quarter. Forsta AP Fonden's holdings in Equitable were worth $2,669,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. &PARTNERS grew its holdings 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 purchasing an additional 254 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of Equitable by 4.8% during the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company's stock worth $233,000 after buying an additional 280 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock valued at $288,000 after buying an additional 332 shares during the period. US Bancorp DE lifted its holdings in Equitable by 4.4% in the first quarter. US Bancorp DE now owns 10,068 shares of the company's stock valued at $383,000 after acquiring an additional 423 shares during the last quarter. Finally, Capital Insight Partners LLC grew its position in Equitable by 2.6% in the second quarter. Capital Insight Partners LLC now owns 17,612 shares of the company's stock worth $720,000 after acquiring an additional 440 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares of the company's stock, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,500 shares of company stock worth $3,969,870. Insiders own 1.10% of the company's stock.

Equitable Price Performance

Shares of NYSE EQH traded down $0.85 during midday trading on Thursday, hitting $45.34. The company had a trading volume of 1,736,306 shares, compared to its average volume of 2,475,870. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The business has a 50-day simple moving average of $42.58 and a two-hundred day simple moving average of $40.97. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $46.48. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 14.13 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

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