13,977 Shares in Equitable Holdings, Inc. (NYSE:EQH) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,977 shares of the company’s stock, valued at approximately $587,000.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in Equitable by 60.9% in the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after buying an additional 38,040 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Equitable in the 2nd quarter valued at $831,000. Maverick Capital Ltd. increased its position in shares of Equitable by 230.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock worth $1,505,000 after purchasing an additional 25,678 shares in the last quarter. TCW Group Inc. lifted its holdings in Equitable by 94.6% during the 2nd quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock valued at $5,484,000 after purchasing an additional 65,232 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Equitable by 55.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock valued at $2,564,000 after purchasing an additional 22,346 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Citigroup boosted their price objective on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Truist Financial increased their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays boosted 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.70.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the company’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 transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,166 shares of company stock worth $4,286,705. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Down 1.3 %

NYSE:EQH opened at $48.55 on Wednesday. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of -44.54 and a beta of 1.40. Equitable Holdings, Inc. has a 1-year low of $26.31 and a 1-year high of $50.51. The business’s 50-day moving average price is $43.53 and its two-hundred day moving average price is $41.66. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share. On average, equities analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

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.