Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 902.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,456 shares of the company's stock after buying an additional 70,629 shares during the period. Qsemble Capital Management LP's holdings in Equitable were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EQH. Covestor Ltd raised its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 246 shares during the period. New Covenant Trust Company N.A. bought a new position in Equitable in the 1st quarter worth $28,000. LRI Investments LLC raised its holdings in Equitable by 892.9% in 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 during the period. Carolina Wealth Advisors LLC bought a new position in Equitable in the 3rd quarter worth $48,000. Finally, UMB Bank n.a. raised its holdings in Equitable by 86.3% in 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 during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EQH shares. Morgan Stanley decreased 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. Barclays raised their price target on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Wells Fargo & Company raised their price target 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 raised their price target on Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.70.

Equitable Stock Down 0.9 %

Equitable stock traded down $0.46 during mid-day trading on Tuesday, reaching $48.31. 1,941,418 shares of the company were exchanged, compared to its average volume of 2,509,328. The business has a fifty day moving average of $44.88 and a 200 day moving average of $42.22. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $15.14 billion, a P/E ratio of -44.25 and a beta of 1.40. Equitable Holdings, Inc. has a 12-month low of $29.20 and a 12-month high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business's revenue for the quarter was down 15.1% compared to the same quarter last year. Research analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.99%. Equitable's dividend payout ratio is presently -88.07%.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the completion of the transaction, the chief executive officer now owns 678,555 shares in the company, valued at $28,635,021. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,166 shares of company stock worth $5,709,605. Insiders own 1.10% of the company's stock.

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.