5,170 Shares in Equitable Holdings, Inc. (NYSE:EQH) Acquired by Blair William & Co. IL

Blair William & Co. IL purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,170 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Equitable during the 1st quarter valued at $28,000. LRI Investments LLC bought a new stake in Equitable during the 1st quarter valued at $45,000. Rise Advisors LLC raised its position in Equitable by 1,421.4% during 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 in the last quarter. GAMMA Investing LLC raised its position in Equitable by 26.4% during the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock valued at $74,000 after purchasing an additional 405 shares in the last quarter. Finally, Quarry LP bought a new stake in Equitable during the 4th quarter valued at $76,000. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQH. JPMorgan Chase & Co. lifted their target price on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Barclays began coverage on Equitable in a report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price target on the stock. Jefferies Financial Group lifted their price target on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Morgan Stanley cut their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $46.64.

Equitable Price Performance

Shares of EQH stock opened at $41.98 on Friday. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.50. The stock’s fifty day moving average price is $40.86 and its 200 day moving average price is $39.77. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 13.00 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. 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 firm posted $1.17 EPS. The firm’s revenue was up 47.7% compared to the same quarter last year. On average, research analysts expect that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.29%. Equitable’s dividend payout ratio is currently 29.72%.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $43.09, for a total transaction of $429,564.21. Following the completion of the sale, the chief operating officer now owns 111,552 shares of the company’s stock, valued at approximately $4,806,775.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO William James Iv Eckert sold 3,500 shares of the business’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 transaction, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 9,969 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,806,775.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,469 shares of company stock valued at $3,067,434. 1.10% of the stock is owned by company insiders.

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.