Equitable Holdings, Inc. (NYSE:EQH) Holdings Raised by Ellsworth Advisors LLC

Ellsworth Advisors LLC raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,790 shares of the company’s stock after buying an additional 3,800 shares during the period. Ellsworth Advisors LLC’s holdings in Equitable were worth $1,504,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EQH. Creative Planning grew its stake in Equitable by 3.6% in the third quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after purchasing an additional 476 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Equitable by 3.8% in the third quarter. Wedge Capital Management L L P NC now owns 73,429 shares of the company’s stock worth $3,086,000 after buying an additional 2,669 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Equitable by 24.8% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 212,997 shares of the company’s stock worth $8,952,000 after acquiring an additional 42,329 shares in the last quarter. Fiduciary Financial Group LLC increased its holdings in shares of Equitable by 6.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 9,637 shares of the company’s stock valued at $413,000 after acquiring an additional 605 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Equitable by 30.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 64,300 shares of the company’s stock worth $2,703,000 after purchasing an additional 14,900 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on 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 transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This trade 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 can be accessed through this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock valued at $3,969,870 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EQH has been the topic of several analyst reports. Barclays increased their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Truist Financial lifted their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods increased their target price on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Finally, Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Three equities 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, the company has an average rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Stock Up 2.2 %

EQH opened at $45.53 on Friday. The company has a market capitalization of $14.81 billion, a P/E ratio of 14.10 and a beta of 1.41. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s fifty day moving average price is $41.49 and its two-hundred day moving average price is $40.42. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $45.62.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.11%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

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.