Vinva Investment Management Ltd Purchases New Position in Equitable Holdings, Inc. (NYSE:EQH)

Vinva Investment Management Ltd purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,350 shares of the company's stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after purchasing an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Equitable during the 2nd quarter worth approximately $110,176,000. Samlyn Capital LLC acquired a new stake in shares of Equitable during the 2nd quarter valued at $63,334,000. Principal Financial Group Inc. boosted 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 in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in Equitable during the 2nd quarter worth approximately $24,315,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, August 19th. Barclays boosted their price target on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $48.70.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now directly owns 648,555 shares in the company, valued at approximately $30,760,963.65. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares of the company's stock, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,166 shares of company stock valued at $4,443,605. 1.10% of the stock is owned by corporate insiders.

Equitable Trading Up 0.3 %

Shares of EQH stock traded up $0.15 during trading on Friday, hitting $48.23. 889,876 shares of the stock traded hands, compared to its average volume of 2,705,681. Equitable Holdings, Inc. has a 52-week low of $29.70 and a 52-week high of $50.51. The firm's fifty day moving average price is $45.39 and its 200-day moving average price is $42.43. 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 market capitalization of $15.11 billion, a P/E ratio of -44.25 and a beta of 1.40.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

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.