Janney Montgomery Scott LLC Sells 2,860 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Janney Montgomery Scott LLC trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,488 shares of the company’s stock after selling 2,860 shares during the period. Janney Montgomery Scott LLC’s holdings in Equitable were worth $735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQH. US Bancorp DE raised its stake in shares of Equitable by 4.4% during the first quarter. US Bancorp DE now owns 10,068 shares of the company’s stock valued at $383,000 after acquiring an additional 423 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Equitable by 2.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 455,922 shares of the company’s stock valued at $17,172,000 after acquiring an additional 9,361 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Equitable by 3.9% during the first quarter. Acadian Asset Management LLC now owns 12,915 shares of the company’s stock valued at $490,000 after acquiring an additional 488 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Equitable by 84.6% during the first quarter. UniSuper Management Pty Ltd now owns 4,800 shares of the company’s stock valued at $182,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Equitable during the first quarter valued at about $7,602,000. 92.70% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 approximately $819,596.82. The trade was a 15.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,166 shares of company stock worth $4,286,705 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Equitable Price Performance

Shares of NYSE EQH opened at $47.44 on Monday. Equitable Holdings, Inc. has a fifty-two week low of $27.74 and a fifty-two week high of $50.51. The company has a 50 day simple moving average of $43.97 and a two-hundred day simple moving average of $41.87. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of -43.52 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 (NYSE:EQH) last announced its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research reports. Wells Fargo & Company increased 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 increased their price target on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley decreased their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Truist Financial increased 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, Barclays increased their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and an average price target of $48.70.

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.