Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,513,571 shares of the company's stock after purchasing an additional 161,376 shares during the quarter. Wellington Management Group LLP owned approximately 1.76% of Equitable worth $231,735,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EQH. Acadian Asset Management LLC raised its holdings in Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock worth $129,444,000 after purchasing an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Equitable in the second quarter worth about $110,176,000. Samlyn Capital LLC bought a new stake in Equitable in the second quarter worth about $63,334,000. Principal Financial Group Inc. lifted its stake in Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock worth $80,470,000 after purchasing an additional 721,028 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Equitable by 1,095.9% in the second quarter. Federated Hermes Inc. now owns 600,662 shares of the company's stock worth $24,543,000 after purchasing an additional 550,436 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQH has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $54.00 to $58.00 in a research note on Monday. Barclays lifted their price target on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered their target price on Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and a consensus price target of $50.10.

Equitable Stock Performance

Shares of NYSE EQH traded down $0.49 during mid-day trading on Monday, hitting $46.76. The stock had a trading volume of 2,032,513 shares, compared to its average volume of 2,489,374. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50 day moving average of $45.93 and a two-hundred day moving average of $42.69. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51. The firm has a market cap of $14.65 billion, a PE ratio of -43.35 and a beta of 1.38.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.08 billion for 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 firm's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Tuesday, November 26th. Equitable's payout ratio is currently -88.07%.

Insider Transactions at Equitable

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

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.