Fmr LLC Buys 152,847 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Fmr LLC raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 27.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 710,951 shares of the company’s stock after acquiring an additional 152,847 shares during the quarter. Fmr LLC owned approximately 0.23% of Equitable worth $29,881,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MQS Management LLC acquired a new position in Equitable in the third quarter valued at about $587,000. Friedenthal Financial acquired a new stake in Equitable during the 2nd quarter valued at $831,000. Maverick Capital Ltd. raised its position in Equitable by 230.0% in the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after purchasing an additional 25,678 shares during the last quarter. TCW Group Inc. boosted its stake in Equitable by 94.6% in the second quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock worth $5,484,000 after purchasing an additional 65,232 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Equitable by 55.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after purchasing an additional 22,346 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Down 1.0 %

NYSE EQH opened at $47.25 on Monday. Equitable Holdings, Inc. has a 12 month low of $31.62 and a 12 month high of $50.51. The stock has a 50-day simple moving average of $45.93 and a 200 day simple moving average of $42.69. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $14.81 billion, a PE ratio of -43.35 and a beta of 1.38.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $1.15 EPS. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. Research analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 4.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the business’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 $819,596.82. The trade was a 15.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,166 shares of company stock valued at $4,443,605. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley cut their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Barclays increased 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, Wells Fargo & Company boosted their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and an average price target 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.