GSA Capital Partners LLP Invests $243,000 in Equitable Holdings, Inc. (NYSE:EQH)

GSA Capital Partners LLP bought a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 5,772 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Equitable in the first quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Equitable in the first quarter worth approximately $45,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable during the third quarter worth approximately $48,000. Finally, UMB Bank n.a. raised its stake in Equitable by 86.3% in the 3rd 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 hedge funds and other institutional investors.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction 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 directly owns 19,321 shares of the company’s stock, valued at $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 have sold 130,166 shares of company stock worth $5,709,605. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EQH shares. Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Truist Financial boosted their price objective 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. Finally, Morgan Stanley reduced their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Performance

Equitable stock opened at $47.62 on Friday. The stock has a 50 day moving average of $44.72 and a 200-day moving average of $42.13. The stock has a market cap of $14.92 billion, a P/E ratio of -43.69 and a beta of 1.40. Equitable Holdings, Inc. has a 52 week low of $28.86 and a 52 week high of $50.51. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last announced its quarterly 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 analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. On average, analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.02%. Equitable’s dividend payout ratio is currently -88.07%.

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.