Redwood Investment Management LLC Has $1.48 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Redwood Investment Management LLC raised its stake in Equitable Holdings, Inc. (NYSE:EQH) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,353 shares of the company’s stock after buying an additional 1,409 shares during the period. Redwood Investment Management LLC’s holdings in Equitable were worth $1,484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EQH. Covestor Ltd boosted its holdings in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. &PARTNERS boosted its holdings in shares of Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock worth $1,403,000 after acquiring an additional 254 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after acquiring an additional 332 shares during the period. Capital Insight Partners LLC boosted its holdings in shares of Equitable by 2.6% in the second quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock worth $720,000 after acquiring an additional 440 shares during the period. Finally, Creative Planning boosted its stake in Equitable by 3.6% during the third quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after buying an additional 476 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the subject of several research reports. Barclays upped their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley decreased 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Stock Performance

Shares of EQH opened at $47.73 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of -43.79 and a beta of 1.38. Equitable Holdings, Inc. has a 1 year low of $31.53 and a 1 year high of $50.51. The company’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $42.61.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates 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 revenue was down 15.1% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.01%. Equitable’s dividend payout ratio is presently -88.07%.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the sale, the chief executive officer now directly owns 658,555 shares of the company’s stock, valued at $29,239,842. This represents a 4.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction 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 represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,166 shares of company stock worth $4,443,605 in the last ninety days. 1.10% of the stock is owned by 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.