Mediolanum International Funds Ltd decreased its stake in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 44.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,856 shares of the company’s stock after selling 51,834 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Equitable were worth $2,676,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EQH. &PARTNERS increased its holdings in shares of Equitable by 0.7% during the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 254 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of Equitable by 4.8% during the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock worth $233,000 after acquiring an additional 280 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after acquiring an additional 332 shares during the period. US Bancorp DE increased its stake in shares of Equitable by 4.4% in the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock valued at $383,000 after purchasing an additional 423 shares in the last quarter. Finally, Capital Insight Partners LLC raised its holdings in Equitable by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock worth $720,000 after purchasing an additional 440 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.
Equitable Trading Down 1.7 %
Shares of Equitable stock opened at $44.97 on Friday. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $46.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $14.25 billion, a P/E ratio of 18.74 and a beta of 1.41. The stock’s 50 day simple moving average is $42.26 and its 200-day simple moving average is $40.78.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Morgan Stanley reduced their target price on 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 upped their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays lifted their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company lifted their price objective on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and an average target price of $48.70.
Insider Activity
In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the completion of the sale, the chief executive officer now directly owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,500 shares of company stock valued at $3,969,870. 1.10% of the stock is currently owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than Equitable
- 3 Tickers Leading a Meme Stock Revival
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What Are Trending Stocks? Trending Stocks Explained
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Top Biotech Stocks: Exploring Innovation Opportunities
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQH – Free Report).
Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.