Equitable Holdings, Inc. $EQH Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its position in Equitable Holdings, Inc. (NYSE:EQH) by 50.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,112 shares of the company’s stock after acquiring an additional 7,060 shares during the period. Savant Capital LLC’s holdings in Equitable were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of EQH. WPG Advisers LLC purchased a new stake in Equitable in the first quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of Equitable in the first quarter worth $33,000. Geneos Wealth Management Inc. raised its holdings in shares of Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Equitable in the second quarter valued at $73,000. Finally, BankPlus Trust Department acquired a new stake in Equitable during the 2nd quarter worth about $75,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the sale, the chief financial officer directly owned 140,258 shares in the company, valued at approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $48.99, for a total transaction of $332,642.10. Following the completion of the transaction, the chief operating officer owned 75,098 shares of the company’s stock, valued at $3,679,051.02. This represents a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 178,958 shares of company stock worth $9,362,262 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Up 1.4%

NYSE EQH opened at $45.51 on Thursday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.14 and a current ratio of 0.13. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of -16.49 and a beta of 1.17. The firm has a 50 day simple moving average of $50.11 and a 200-day simple moving average of $51.92.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The firm’s revenue was down 52.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 24th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.4%. Equitable’s dividend payout ratio is -39.13%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQH shares. Morgan Stanley dropped their target price on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Evercore ISI raised their price objective on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Barclays restated an “overweight” rating and set a $63.00 price objective on shares of Equitable in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $64.18.

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.