Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 210,301 shares of the company’s stock after selling 4,393 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Equitable were worth $8,839,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EQH. MQS Management LLC purchased a new stake in shares of Equitable during the third quarter valued at $587,000. Victory Capital Management Inc. increased its stake in Equitable by 24.2% in the 3rd quarter. Victory Capital Management Inc. now owns 266,677 shares of the company’s stock worth $11,208,000 after purchasing an additional 51,990 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Equitable by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company’s stock worth $29,919,000 after buying an additional 7,720 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Equitable by 47.0% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,653 shares of the company’s stock valued at $448,000 after buying an additional 3,407 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Equitable in the third quarter worth about $243,000. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Citigroup boosted their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price objective on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company’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 completion of the sale, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 668,555 shares in the company, 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. In the last 90 days, insiders sold 100,166 shares of company stock valued at $4,286,705. Insiders own 1.10% of the company’s stock.

Equitable Stock Down 1.3 %

EQH opened at $47.92 on Thursday. The company has a market capitalization of $15.02 billion, a PE ratio of -43.96 and a beta of 1.40. The business has a 50-day moving average of $43.67 and a 200-day moving average of $41.70. Equitable Holdings, Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $50.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion for 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 company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

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.