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

Victory Capital Management Inc. raised its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 266,677 shares of the company's stock after acquiring an additional 51,990 shares during the period. Victory Capital Management Inc. owned 0.08% of Equitable worth $11,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EQH. Acadian Asset Management LLC increased its holdings in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock worth $129,444,000 after buying an additional 3,155,487 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable during the 2nd quarter worth $110,176,000. Samlyn Capital LLC acquired a new stake in shares of Equitable during the 2nd quarter worth $63,334,000. Principal Financial Group Inc. increased its holdings in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock worth $80,470,000 after buying an additional 721,028 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Equitable during the 1st quarter worth $27,237,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EQH shares. Morgan Stanley dropped their price objective on Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Truist Financial upped their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Barclays upped their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $48.70.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated 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 trade represents a 4.29 % 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, 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 sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,166 shares of company stock valued at $5,709,605 in the last ninety days. Insiders own 1.10% of the company's stock.

Equitable Stock Performance

NYSE:EQH opened at $46.72 on Thursday. 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 firm has a 50-day moving average of $44.42 and a two-hundred day moving average of $42.02. The stock has a market cap of $14.64 billion, a P/E ratio of -42.86 and a beta of 1.40. Equitable Holdings, Inc. has a 1-year low of $28.18 and a 1-year high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion during 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 for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. On average, research analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Dividend Announcement

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