Natixis Advisors LLC Purchases Shares of 18,887 Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,887 shares of the company’s stock, valued at approximately $772,000.

A number of other institutional investors have also recently bought and sold shares of EQH. New Covenant Trust Company N.A. bought a new stake in Equitable in the 1st quarter valued at $28,000. LRI Investments LLC bought a new stake in shares of Equitable during the first quarter worth approximately $45,000. Rise Advisors LLC boosted its stake in Equitable by 1,421.4% in the 1st quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock valued at $65,000 after purchasing an additional 1,592 shares during the period. GAMMA Investing LLC grew its holdings in Equitable by 26.4% in the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock valued at $74,000 after buying an additional 405 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Equitable by 261.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after acquiring an additional 1,641 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE EQH opened at $39.31 on Friday. The firm’s fifty day moving average price is $40.89 and its two-hundred day moving average price is $39.17. The stock has a market cap of $12.57 billion, a PE ratio of 12.17 and a beta of 1.42. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 87.49% and a net margin of 7.87%. Equitable’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. On average, equities analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at $28,635,021. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the sale, the chief operating officer now owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Wells Fargo & Company decreased their target price on shares of Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Citigroup upped their price target on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

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.