Victory Capital Management Inc. Has $11.21 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Victory Capital Management Inc. boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 24.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 266,677 shares of the company's stock after buying an additional 51,990 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Equitable worth $11,208,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of Equitable during the 1st quarter valued at $28,000. LRI Investments LLC acquired a new position in shares of Equitable in the first quarter worth $45,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable during the third quarter worth $48,000. Finally, UMB Bank n.a. boosted its position in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after purchasing an additional 718 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the sale, the chief executive officer now directly owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 4.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares of the company's stock, valued at approximately $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,166 shares of company stock valued at $5,709,605. 1.10% of the stock is owned by insiders.

Equitable Price Performance

NYSE EQH traded up $0.07 during trading hours on Thursday, reaching $46.80. 2,816,515 shares of the company's stock were exchanged, compared to its average volume of 2,497,299. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a one year low of $28.19 and a one year high of $50.51. The company's 50-day moving average is $44.42 and its two-hundred day moving average is $42.02.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm's revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.05%. Equitable's payout ratio is presently -88.07%.

Analyst Upgrades and Downgrades

EQH has been the subject of several research reports. Barclays lifted 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. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, August 19th. Wells Fargo & Company upped their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $48.70.

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.