Quantbot Technologies LP Grows Stake in Equitable Holdings, Inc. (NYSE:EQH)

Quantbot Technologies LP lifted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 426.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,575 shares of the company’s stock after buying an additional 86,314 shares during the period. Quantbot Technologies LP’s holdings in Equitable were worth $4,479,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in Equitable by 27.4% in the 3rd quarter. FMR LLC now owns 710,951 shares of the company’s stock worth $29,881,000 after acquiring an additional 152,847 shares during the period. Qsemble Capital Management LP lifted its position in shares of Equitable by 902.4% during the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock worth $3,298,000 after purchasing an additional 70,629 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Equitable by 1,133.8% in the third quarter. Bank of Montreal Can now owns 388,941 shares of the company’s stock valued at $16,328,000 after purchasing an additional 357,417 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Equitable by 335.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,766 shares of the company’s stock valued at $2,092,000 after purchasing an additional 38,342 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Equitable by 34.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 30,593 shares of the company’s stock worth $1,286,000 after buying an additional 7,900 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EQH shares. Barclays upped their price objective 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. 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. Truist Financial increased their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley dropped 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.70.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on 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 owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,166 shares of company stock worth $5,709,605. 1.10% of the stock is owned by company insiders.

Equitable Stock Performance

EQH stock opened at $48.31 on Wednesday. Equitable Holdings, Inc. has a 1-year low of $29.20 and a 1-year high of $50.51. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a fifty day moving average price of $44.88 and a two-hundred day moving average price of $42.22.

Equitable (NYSE:EQH) last posted its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business posted $1.15 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is -88.07%.

Equitable Company 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.