Quest Partners LLC Raises Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Quest Partners LLC lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 377.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,827 shares of the company's stock after buying an additional 50,453 shares during the quarter. Quest Partners LLC's holdings in Equitable were worth $2,683,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQH. Natixis Advisors LLC boosted its stake in Equitable by 76.4% in the 3rd quarter. Natixis Advisors LLC now owns 33,321 shares of the company's stock worth $1,400,000 after purchasing an additional 14,434 shares during the period. CIBC Asset Management Inc grew its stake in Equitable by 5.2% during the third quarter. CIBC Asset Management Inc now owns 11,765 shares of the company's stock valued at $494,000 after acquiring an additional 584 shares in the last quarter. MQS Management LLC purchased a new position in Equitable during the third quarter valued at $587,000. Victory Capital Management Inc. lifted its stake in Equitable by 24.2% in the 3rd quarter. Victory Capital Management Inc. now owns 266,677 shares of the company's stock worth $11,208,000 after purchasing an additional 51,990 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Equitable by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company's stock valued at $29,919,000 after purchasing an additional 7,720 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays boosted their target price on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Truist Financial upped their price target 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. Citigroup boosted their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Finally, Morgan Stanley lowered their price target on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and an average target price of $48.70.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at approximately $27,263,672.90. This trade represents a 4.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares of the company's stock, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,166 shares of company stock valued at $5,709,605. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Down 0.7 %

Shares of NYSE:EQH traded down $0.33 during trading hours on Monday, hitting $47.11. 2,339,318 shares of the company's stock traded hands, compared to its average volume of 2,499,375. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The business has a fifty day moving average price of $44.11 and a 200-day moving average price of $41.93. Equitable Holdings, Inc. has a 1 year low of $28.02 and a 1 year high of $50.51. The firm has a market capitalization of $14.76 billion, a P/E ratio of -43.22 and a beta of 1.40.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts' consensus estimates of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates 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 revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. Equities analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.04%. Equitable's dividend payout ratio is currently -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.