Mediolanum International Funds Ltd Trims Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Mediolanum International Funds Ltd decreased its stake in Equitable Holdings, Inc. (NYSE:EQH) 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.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. Analysts predict that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

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.