Equitable Holdings, Inc. $EQH Stock: Transmarket Holdings LP Raises Stake

Transmarket Holdings LP raised its position in Equitable Holdings, Inc. (NYSE:EQH) by 415.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,702 shares of the company’s stock after purchasing an additional 41,662 shares during the quarter. Equitable accounts for approximately 1.5% of Transmarket Holdings LP’s holdings, making the stock its 15th biggest holding. Transmarket Holdings LP’s holdings in Equitable were worth $2,651,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Equitable during the second quarter valued at approximately $1,136,305,000. Canada Pension Plan Investment Board bought a new position in shares of Equitable during the second quarter valued at approximately $399,576,000. Pzena Investment Management LLC purchased a new stake in shares of Equitable in the second quarter worth approximately $244,052,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Equitable in the second quarter worth approximately $208,146,000. Finally, Conifer Management L.L.C. purchased a new stake in shares of Equitable in the second quarter worth approximately $184,296,000. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $54.64 on Thursday. The firm has a market cap of $14.92 billion, a PE ratio of -16.51, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The firm’s 50 day simple moving average is $52.49 and its 200-day simple moving average is $45.85. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.22. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company’s revenue was down 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EQH shares. Jefferies Financial Group boosted their price objective on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods upped their price objective on Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. UBS Group increased their target price on Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Barclays lifted their target price on Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company boosted their target price on shares of Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.18.

Insider Buying and Selling

In other Equitable news, Director Craig C. Mackay sold 2,200 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total value of $113,014.00. Following the completion of the sale, the director directly owned 18,999 shares in the company, valued at approximately $975,978.63. This represents a 10.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick Lane sold 14,923 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $53.24, for a total value of $794,500.52. Following the transaction, the insider directly owned 110,007 shares in the company, valued at $5,856,772.68. The trade was a 11.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,816 shares of company stock valued at $1,731,591 over the last 90 days. 1.00% of the stock is owned by insiders.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.