Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Creative Planning

Creative Planning boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,541 shares of the company’s stock after acquiring an additional 476 shares during the period. Creative Planning’s holdings in Equitable were worth $569,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norden Group LLC purchased a new position in Equitable during the 1st quarter worth $212,000. First Trust Direct Indexing L.P. boosted its position in Equitable by 9.4% during the first quarter. First Trust Direct Indexing L.P. now owns 9,161 shares of the company’s stock worth $348,000 after purchasing an additional 788 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Equitable by 4.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,097 shares of the company’s stock worth $498,000 after acquiring an additional 528 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Equitable by 10.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 24,093 shares of the company’s stock valued at $916,000 after buying an additional 2,300 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Equitable during the first quarter valued at $542,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the sale, the chief executive officer now owns 658,555 shares of the company’s stock, valued at $29,239,842. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now owns 658,555 shares in the company, valued at $29,239,842. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,500 shares of company stock worth $3,969,870. Insiders own 1.10% of the company’s stock.

Equitable Trading Down 0.3 %

Shares of NYSE EQH opened at $45.00 on Tuesday. Equitable Holdings, Inc. has a 12-month low of $25.88 and a 12-month high of $46.48. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 18.75 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The stock’s 50 day simple moving average is $42.75 and its 200 day simple moving average is $41.14.

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.