Barclays PLC Purchases 59,844 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Barclays PLC raised its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 13.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 501,498 shares of the company’s stock after purchasing an additional 59,844 shares during the quarter. Barclays PLC owned 0.16% of Equitable worth $21,076,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the period. LRI Investments LLC boosted its stake in shares of Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock worth $45,000 after acquiring an additional 1,000 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the third quarter worth about $48,000. UMB Bank n.a. grew its position in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares in the last quarter. Finally, Quarry LP raised its stake in Equitable by 623.5% during the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after purchasing an additional 2,039 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research analyst reports. Morgan Stanley cut 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. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $54.00 to $58.00 in a report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays lifted their target price on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.10.

Equitable Trading Up 0.9 %

EQH opened at $47.47 on Friday. The stock has a 50-day moving average of $46.42 and a 200 day moving average of $42.89. 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 Holdings, Inc. has a 12 month low of $31.76 and a 12 month high of $50.51. The firm has a market cap of $14.87 billion, a P/E ratio of -43.55 and a beta of 1.38.

Equitable (NYSE:EQH) last released its earnings results 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 the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Friday, November 8th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the completion of the transaction, the chief executive officer now owns 648,555 shares in the company, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,166 shares of company stock valued at $4,443,605. Company 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.