XTX Topco Ltd Boosts Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

XTX Topco Ltd lifted its position in Equitable Holdings, Inc. (NYSE:EQH) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,228 shares of the company’s stock after acquiring an additional 985 shares during the quarter. XTX Topco Ltd’s holdings in Equitable were worth $1,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Equitable by 261.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after buying an additional 1,641 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Equitable during the fourth quarter valued at approximately $362,000. Trexquant Investment LP purchased a new position in Equitable in the fourth quarter worth $834,000. Franklin Resources Inc. grew its stake in Equitable by 127.8% in the 4th quarter. Franklin Resources Inc. now owns 210,673 shares of the company’s stock valued at $7,015,000 after purchasing an additional 118,178 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Equitable by 19.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 69,671 shares of the company’s stock valued at $2,320,000 after purchasing an additional 11,508 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EQH. Wells Fargo & Company cut their price target 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. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and increased their target price for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. Barclays began coverage on shares of Equitable in a report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price target on the stock. Morgan Stanley reduced their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Citigroup boosted their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $46.64.

Equitable Stock Down 0.8 %

Shares of NYSE EQH opened at $42.13 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The company has a market cap of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42. Equitable Holdings, Inc. has a 52 week low of $24.65 and a 52 week high of $44.50. The business has a 50-day simple moving average of $40.90 and a two-hundred day simple moving average of $39.48.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. Equitable’s revenue for the quarter was up 47.7% on a year-over-year basis. Research analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.24 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.28%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $28,635,021. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s 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 transaction, the chief operating officer now directly owns 111,552 shares in the company, valued at $4,806,775.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the sale, the chief executive officer now owns 678,555 shares in the company, valued at approximately $28,635,021. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,469 shares of company stock valued at $3,067,434. Company insiders own 1.10% of the company’s stock.

About Equitable

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.