Integrated Advisors Network LLC Buys 1,704 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Integrated Advisors Network LLC increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,610 shares of the company’s stock after acquiring an additional 1,704 shares during the quarter. Integrated Advisors Network LLC’s holdings in Equitable were worth $1,287,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its stake in shares of Equitable by 3.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after acquiring an additional 637,916 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after purchasing an additional 539,904 shares in the last quarter. Acadian Asset Management LLC increased its stake in Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Equitable during the 2nd quarter valued at $110,176,000. Finally, Principal Financial Group Inc. increased its stake in Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Activity

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock worth $3,969,870 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Equitable Price Performance

NYSE EQH opened at $46.15 on Thursday. The company has a market cap of $15.01 billion, a PE ratio of 14.29 and a beta of 1.41. Equitable Holdings, Inc. has a 52 week low of $24.65 and a 52 week high of $46.48. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm’s 50-day simple moving average is $42.58 and its two-hundred day simple moving average is $40.97.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The company’s revenue was up 47.7% compared to the same quarter last year. Research analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Truist Financial boosted their price target on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Barclays upped their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Citigroup upped their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

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.