Raymond James & Associates Buys 113,783 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Raymond James & Associates increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 46.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 359,998 shares of the company’s stock after acquiring an additional 113,783 shares during the quarter. Raymond James & Associates owned about 0.11% of Equitable worth $15,131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EQH. New Covenant Trust Company N.A. bought a new position in shares of Equitable during the first quarter worth $28,000. LRI Investments LLC bought a new position in Equitable during the first quarter worth about $45,000. UMB Bank n.a. grew its stake in Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after acquiring an additional 718 shares during the period. Quarry LP increased its holdings in shares of Equitable by 623.5% in the second quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after acquiring an additional 2,039 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Equitable by 215.1% during the second quarter. Blue Trust Inc. now owns 2,590 shares of the company’s stock worth $98,000 after purchasing an additional 1,768 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 owns 678,555 shares in the company, valued at approximately $28,635,021. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 678,555 shares in the company, valued at approximately $28,635,021. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock valued at $3,969,870 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Equitable Trading Down 1.7 %

Shares of Equitable stock opened at $44.97 on Friday. The stock has a market cap of $14.25 billion, a P/E ratio of 18.74 and a beta of 1.41. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a 12-month low of $24.65 and a 12-month high of $46.30. The business’s 50 day moving average is $42.26 and its 200-day moving average is $40.78.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. Equities research analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on EQH. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Barclays boosted their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup increased their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial upped their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.70.

Equitable 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.