Equitable Holdings, Inc. $EQH Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 366.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 87,194 shares of the company’s stock after acquiring an additional 68,505 shares during the quarter. Quantbot Technologies LP’s holdings in Equitable were worth $4,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EQH. WPG Advisers LLC bought a new stake in shares of Equitable during the first quarter valued at about $27,000. True Wealth Design LLC grew its position in Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after buying an additional 480 shares in the last quarter. Orion Capital Management LLC acquired a new position in Equitable during the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. raised its position in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares in the last quarter. Finally, MAI Capital Management lifted its stake in shares of Equitable by 64.0% in the 2nd quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after acquiring an additional 366 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and set a $63.00 price objective on shares of Equitable in a research note on Wednesday, October 8th. Evercore ISI lifted 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Equitable in a research note on Monday. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods lifted their target price on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.18.

Equitable Stock Performance

EQH opened at $45.67 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. The firm has a market cap of $13.08 billion, a PE ratio of -16.55 and a beta of 1.12. The business has a fifty day simple moving average of $47.58 and a 200-day simple moving average of $51.25. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61.

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

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, November 24th. Equitable’s dividend payout ratio (DPR) is presently -39.13%.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $43.28, for a total transaction of $293,871.20. Following the sale, the chief operating officer owned 68,308 shares in the company, valued at $2,956,370.24. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 176,358 shares of company stock valued at $8,760,599 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.