Envestnet Asset Management Inc. Has $3.59 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Envestnet Asset Management Inc. lessened its holdings in Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 16.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,496 shares of the company’s stock after selling 26,411 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Equitable were worth $3,585,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. DB Wealth Management Group LLC acquired a new stake in shares of Equitable during the 1st quarter valued at $26,000. Quent Capital LLC boosted its holdings in shares of Equitable by 32.2% during the 1st quarter. Quent Capital LLC now owns 2,399 shares of the company’s stock valued at $74,000 after acquiring an additional 584 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Equitable by 44.7% during the 1st quarter. Van ECK Associates Corp now owns 4,804 shares of the company’s stock valued at $148,000 after acquiring an additional 1,484 shares in the last quarter. AIA Group Ltd boosted its holdings in shares of Equitable by 32.7% during the 1st quarter. AIA Group Ltd now owns 4,931 shares of the company’s stock valued at $152,000 after acquiring an additional 1,216 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Equitable during the 1st quarter valued at $154,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EQH. Truist Financial cut their price objective on Equitable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Wells Fargo & Company lowered their target price on Equitable from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. Barclays raised their target price on Equitable from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Finally, Morgan Stanley raised their target price on Equitable from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $40.89.

Equitable Trading Down 2.6 %

EQH stock opened at $29.79 on Tuesday. The stock has a 50-day moving average price of $28.95 and a 200-day moving average price of $28.48. Equitable Holdings, Inc. has a 1-year low of $24.61 and a 1-year high of $37.13. The firm has a market cap of $11.02 billion, a PE ratio of 4.17 and a beta of 1.44.

Equitable (NYSE:EQHGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.15. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.21 billion. On average, analysts forecast that Equitable Holdings, Inc. will post 5.27 earnings per share for the current year.

Insider Activity at Equitable

In related news, Director Bertram L. Scott sold 7,300 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $29.87, for a total value of $218,051.00. Following the completion of the sale, the director now directly owns 21,429 shares of the company’s stock, valued at approximately $640,084.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Bertram L. Scott sold 7,300 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $29.87, for a total value of $218,051.00. Following the completion of the sale, the director now directly owns 21,429 shares of the company’s stock, valued at approximately $640,084.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $30.05, for a total value of $901,500.00. Following the completion of the sale, the chief executive officer now directly owns 435,307 shares of the company’s stock, valued at $13,080,975.35. The disclosure for this sale can be found here. Insiders sold 67,300 shares of company stock valued at $2,020,151 in the last three months. Corporate insiders own 0.98% of the company’s stock.

Equitable Profile

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Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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