XTX Topco Ltd Has $4.24 Million Stock Position in Equitable Holdings, Inc. $EQH

XTX Topco Ltd boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 491.6% during the second quarter, Holdings Channel reports. The fund owned 75,499 shares of the company’s stock after purchasing an additional 62,737 shares during the period. XTX Topco Ltd’s holdings in Equitable were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BSW Wealth Partners increased its position in Equitable by 5.9% during the second quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock worth $239,000 after acquiring an additional 238 shares during the period. ProShare Advisors LLC lifted its stake in shares of Equitable by 2.1% in the 2nd quarter. ProShare Advisors LLC now owns 13,473 shares of the company’s stock valued at $756,000 after acquiring an additional 271 shares during the last quarter. UMB Bank n.a. raised its position in Equitable by 6.6% in the second quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock valued at $253,000 after purchasing an additional 281 shares during the last quarter. NFC Investments LLC increased its holdings in Equitable by 0.4% in the second quarter. NFC Investments LLC now owns 75,300 shares of the company’s stock valued at $4,224,000 after purchasing an additional 300 shares during the period. Finally, MAI Capital Management increased its stake in shares of Equitable by 64.0% in the second quarter. MAI Capital Management now owns 938 shares of the company’s stock valued at $53,000 after buying an additional 366 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of Equitable 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 completion of the sale, the chief operating officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the sale, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. The trade was a 20.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 176,358 shares of company stock valued at $8,760,599. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQH. 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. Evercore ISI raised their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company cut their price objective on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $63.00 target price 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

Equitable Stock Up 0.6%

Shares of NYSE:EQH opened at $45.41 on Tuesday. The company has a market capitalization of $13.01 billion, a PE ratio of -16.45 and a beta of 1.17. Equitable Holdings, Inc. has a 1 year low of $41.39 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. The business has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $51.59.

Equitable (NYSE:EQH) last released its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue was down 52.8% compared to the same quarter last year. Analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

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

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.