AustralianSuper Pty Ltd Buys 134,716 Shares of Equitable Holdings, Inc. $EQH

AustralianSuper Pty Ltd raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 18.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 883,545 shares of the company’s stock after purchasing an additional 134,716 shares during the quarter. AustralianSuper Pty Ltd owned 0.29% of Equitable worth $49,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. BSW Wealth Partners lifted its position in Equitable by 5.9% during the second quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock valued at $239,000 after purchasing an additional 238 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Equitable by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock worth $253,000 after acquiring an additional 281 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of Equitable by 5.3% in the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock worth $316,000 after acquiring an additional 319 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Equitable by 9.3% in the 2nd quarter. PDS Planning Inc now owns 4,829 shares of the company’s stock worth $271,000 after acquiring an additional 411 shares during the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of Equitable by 6.6% in the 1st quarter. Ascent Group LLC now owns 6,874 shares of the company’s stock worth $358,000 after acquiring an additional 424 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Up 0.3%

Shares of NYSE EQH opened at $48.85 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. Equitable Holdings, Inc. has a 52 week low of $41.39 and a 52 week high of $56.61. The firm’s fifty day moving average is $51.69 and its 200 day moving average is $51.98. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 39.39 and a beta of 1.10.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Barclays restated an “overweight” rating and issued a $63.00 price objective on shares of Equitable in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Evercore ISI boosted their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equitable in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.45.

Insider Activity

In related news, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at $7,573,932. The trade was a 20.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,958 shares of company stock valued at $9,362,262 in the last three months. Corporate insiders own 1.10% of the company’s stock.

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.