Kendall Capital Management Has $4.61 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Kendall Capital Management boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,729 shares of the company’s stock after buying an additional 3,434 shares during the period. Equitable comprises 1.5% of Kendall Capital Management’s portfolio, making the stock its 15th largest holding. Kendall Capital Management’s holdings in Equitable were worth $4,606,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EQH. New Covenant Trust Company N.A. acquired a new stake in shares of Equitable in the 1st quarter valued at $28,000. LRI Investments LLC acquired a new stake in shares of Equitable in the 1st quarter valued at $45,000. Rise Advisors LLC lifted its position in Equitable by 1,421.4% during the 1st quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after buying an additional 1,592 shares in the last quarter. GAMMA Investing LLC grew its holdings in Equitable by 26.4% during the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after acquiring an additional 405 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Equitable by 261.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after acquiring an additional 1,641 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. UBS Group lowered shares of Equitable from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, June 18th. Morgan Stanley decreased their price objective 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. JPMorgan Chase & Co. upped their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the sale, the chief operating officer now directly owns 111,552 shares in the company, valued at approximately $4,806,775.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total transaction of $429,564.21. Following the sale, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,969 shares of company stock worth $2,918,964. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $41.36 on Thursday. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 12.80 and a beta of 1.42. The firm’s 50 day simple moving average is $40.90 and its 200 day simple moving average is $39.38. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. Equitable’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. Equitable’s dividend payout ratio is 29.72%.

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.