Free Trial

Retirement Systems of Alabama Buys 11,085 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Equitable logo with Finance background

Retirement Systems of Alabama boosted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,430 shares of the company's stock after purchasing an additional 11,085 shares during the period. Retirement Systems of Alabama owned about 0.12% of Equitable worth $16,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EQH. Covestor Ltd lifted its stake in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after buying an additional 246 shares in the last quarter. &PARTNERS raised its stake in shares of Equitable by 0.7% during the 2nd 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. Allspring Global Investments Holdings LLC raised its stake 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 purchasing an additional 332 shares during the period. Capital Insight Partners LLC lifted its holdings in Equitable by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company's stock worth $720,000 after purchasing an additional 440 shares in the last quarter. Finally, Creative Planning boosted its stake in Equitable by 3.6% in the 3rd quarter. Creative Planning now owns 13,541 shares of the company's stock worth $569,000 after purchasing an additional 476 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares of the company's stock, valued at approximately $29,239,842. This trade represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following 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 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,166 shares of company stock worth $3,220,205. 1.10% of the stock is owned by insiders.

Equitable Stock Down 0.3 %

NYSE:EQH traded down $0.15 on Monday, reaching $47.32. 2,181,694 shares of the stock traded hands, compared to its average volume of 2,488,132. The company's fifty day simple moving average is $46.52 and its 200 day simple moving average is $42.95. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of -43.41 and a beta of 1.38. Equitable Holdings, Inc. has a 12 month low of $31.76 and a 12 month high of $50.51. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (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 business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm's quarterly revenue was down 15.1% on a year-over-year basis. Equities analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. Equitable's dividend payout ratio (DPR) is -88.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EQH. Barclays increased their price target on shares of 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 price target on Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, August 19th. Keefe, Bruyette & Woods raised Equitable from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their target price on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.10.

Read Our Latest Report on Equitable

About Equitable

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

→ #1 Crypto of 2025 (From True Market Insiders) (Ad)

Should you invest $1,000 in Equitable right now?

Before you consider Equitable, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equitable wasn't on the list.

While Equitable currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Future of Healthcare: 3 AI Stocks Leading the Way
Analysts Predict Big Gains for These 3 Cybersecurity Leaders
This Investment Strategy Has the Highest Payout Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines