iA Global Asset Management Inc. Has $311,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

iA Global Asset Management Inc. grew its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 42.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,407 shares of the company’s stock after acquiring an additional 2,194 shares during the period. iA Global Asset Management Inc.’s holdings in Equitable were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Covestor Ltd raised its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares in the last quarter. &PARTNERS raised its holdings in shares of Equitable by 0.7% in the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock worth $1,403,000 after buying an additional 254 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after buying an additional 332 shares during the period. Capital Insight Partners LLC boosted its stake in Equitable by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock valued at $720,000 after buying an additional 440 shares in the last quarter. Finally, Creative Planning grew its position 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 acquiring an additional 476 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 658,555 shares in the company, valued at $29,239,842. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,166 shares of company stock valued at $4,443,605 over the last ninety days. Insiders own 1.10% of the company’s stock.

Equitable Stock Down 0.8 %

Shares of EQH opened at $46.38 on Wednesday. The business’s fifty day moving average price is $46.12 and its two-hundred day moving average price is $42.77. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of -42.55 and a beta of 1.38. Equitable Holdings, Inc. has a 52 week low of $31.76 and a 52 week high of $50.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is -88.07%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EQH shares. Barclays lifted their price objective 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 boosted their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $54.00 to $58.00 in a report on Monday. Finally, Morgan Stanley reduced their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $50.10.

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.