Natixis Advisors LLC Has $1.40 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 76.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,321 shares of the company’s stock after purchasing an additional 14,434 shares during the period. Natixis Advisors LLC’s holdings in Equitable were worth $1,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd grew its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Equitable in the 1st quarter valued at about $28,000. LRI Investments LLC increased its position in shares of Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Equitable during the third quarter worth about $48,000. Finally, UMB Bank n.a. boosted its position in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EQH. Morgan Stanley dropped their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Truist Financial upped their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays lifted 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. Finally, Wells Fargo & Company upped their target price on shares of 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Performance

Shares of EQH stock opened at $48.31 on Wednesday. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of -44.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a 52 week low of $29.20 and a 52 week high of $50.51. The company has a 50-day simple moving average of $44.88 and a 200 day simple moving average of $42.22.

Equitable (NYSE:EQH) last posted its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,166 shares of company stock valued at $5,709,605. 1.10% of the stock is owned by company insiders.

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.