Dorsey Wright & Associates Buys Shares of 34,080 Equitable Holdings, Inc. $EQH

Dorsey Wright & Associates purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,080 shares of the company’s stock, valued at approximately $1,912,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Equitable by 114.3% in the 1st quarter. CWM LLC now owns 18,628 shares of the company’s stock worth $970,000 after acquiring an additional 9,936 shares during the last quarter. Victory Capital Management Inc. raised its position in Equitable by 65.3% in the first quarter. Victory Capital Management Inc. now owns 419,903 shares of the company’s stock valued at $21,873,000 after purchasing an additional 165,922 shares during the period. Four Tree Island Advisory LLC lifted its stake in Equitable by 3.8% during the first quarter. Four Tree Island Advisory LLC now owns 421,462 shares of the company’s stock worth $21,954,000 after purchasing an additional 15,612 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Equitable during the first quarter worth $2,599,000. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Equitable in the first quarter valued at $1,127,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Equitable in a report on Monday. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Barclays reiterated an “overweight” rating and issued a $63.00 price objective on shares of Equitable in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Evercore ISI increased their price target on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average price target of $64.18.

Insider Activity at Equitable

In other news, Director Bertram L. Scott sold 2,600 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 26,001 shares of the company’s stock, valued at $1,348,411.86. The trade was a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction on Monday, September 22nd. The stock was 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 approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 139,258 shares of company stock valued at $7,182,777. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Performance

Shares of Equitable stock opened at $43.14 on Wednesday. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of -15.63 and a beta of 1.17. The firm’s fifty day simple moving average is $49.35 and its 200-day simple moving average is $51.76. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The company’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. Equitable’s payout ratio is currently -39.13%.

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.