Eagle Asset Management Inc. Has $9.31 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Eagle Asset Management Inc. boosted its position in Equitable Holdings, Inc. (NYSE:EQH) by 25.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,465 shares of the company’s stock after buying an additional 45,322 shares during the period. Eagle Asset Management Inc. owned approximately 0.07% of Equitable worth $9,308,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQH. Dimensional Fund Advisors LP boosted its position in shares of Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after purchasing an additional 539,904 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after buying an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable during the 2nd quarter worth approximately $110,176,000. Charles Schwab Investment Management Inc. increased its stake in shares of Equitable by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after acquiring an additional 68,900 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after acquiring an additional 721,028 shares during the period. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 1.8 %

Shares of Equitable stock opened at $47.62 on Friday. The company has a market capitalization of $14.92 billion, a P/E ratio of -43.69 and a beta of 1.40. The stock has a fifty day simple moving average of $44.72 and a 200 day simple moving average of $42.13. Equitable Holdings, Inc. has a 12-month low of $28.86 and a 12-month 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.

Equitable (NYSE:EQH) last posted its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share 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 dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. Equitable’s dividend payout ratio is currently -88.07%.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays increased their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley decreased their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Truist Financial increased their target price on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. This represents a 4.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,166 shares of company stock worth $5,709,605 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.