Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd lifted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 133.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 104,965 shares of the company’s stock after acquiring an additional 59,938 shares during the quarter. Point72 DIFC Ltd’s holdings in Equitable were worth $4,289,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in Equitable during the 1st quarter worth approximately $28,000. LRI Investments LLC acquired a new stake in Equitable during the 1st quarter worth approximately $45,000. Rise Advisors LLC lifted its holdings 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 lifted 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 buying an additional 405 shares in the last quarter. Finally, Quarry LP acquired a new stake in Equitable during the 4th quarter worth approximately $76,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Up 0.4 %

EQH opened at $42.28 on Tuesday. The business’s 50-day simple moving average is $40.89 and its 200-day simple moving average is $39.62. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a one year low of $24.65 and a one year high of $44.50. The stock has a market capitalization of $13.75 billion, a P/E ratio of 13.09 and a beta of 1.42.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 47.7% compared to the same quarter last year. Analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Insider Transactions at Equitable

In other news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction dated 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 in the company, valued at $819,596.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’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 transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,469 shares of company stock worth $3,067,434. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQH. Keefe, Bruyette & Woods increased 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 started coverage on shares of Equitable in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price objective on the stock. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. Truist Financial increased their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.64.

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.