Wealth Enhancement Advisory Services LLC Has $315,000 Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Wealth Enhancement Advisory Services LLC raised its position in Equitable Holdings, Inc. (NYSE:EQH) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,506 shares of the company’s stock after buying an additional 1,170 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equitable were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQH. Acadian Asset Management LLC boosted its position in Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after buying an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Equitable in the second quarter worth about $110,176,000. Samlyn Capital LLC bought a new position in shares of Equitable in the second quarter worth about $63,334,000. Principal Financial Group Inc. raised its stake in shares of Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after acquiring an additional 721,028 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Equitable in the first quarter worth about $27,237,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief executive officer now owns 658,555 shares of the company’s stock, valued at $29,239,842. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Down 2.0 %

Shares of NYSE EQH opened at $47.36 on Monday. The stock has a market cap of $14.84 billion, a P/E ratio of -43.45 and a beta of 1.40. The firm has a 50 day moving average price of $43.26 and a 200 day moving average price of $41.49. 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 Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. Analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

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.