Trexquant Investment LP Buys 23,341 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Trexquant Investment LP increased its holdings in Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 115.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,643 shares of the company’s stock after purchasing an additional 23,341 shares during the period. Trexquant Investment LP’s holdings in Equitable were worth $1,150,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AXA S.A. bought a new stake in Equitable in the third quarter worth $3,491,000. EverSource Wealth Advisors LLC increased its position in Equitable by 80.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,588 shares of the company’s stock worth $43,000 after purchasing an additional 710 shares during the last quarter. M Holdings Securities Inc. increased its position in Equitable by 4.3% in the second quarter. M Holdings Securities Inc. now owns 20,619 shares of the company’s stock worth $538,000 after purchasing an additional 850 shares during the last quarter. Bank of Montreal Can increased its position in Equitable by 39.4% in the third quarter. Bank of Montreal Can now owns 58,876 shares of the company’s stock worth $1,821,000 after purchasing an additional 16,642 shares during the last quarter. Finally, Credit Suisse AG increased its position in Equitable by 17.6% in the second quarter. Credit Suisse AG now owns 934,702 shares of the company’s stock worth $24,368,000 after purchasing an additional 139,695 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Equitable from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Raymond James initiated coverage on shares of Equitable in a research note on Wednesday, February 8th. They set a “market perform” rating for the company. Citigroup lifted their price objective on shares of Equitable from $37.00 to $38.00 in a research note on Wednesday, November 16th. Royal Bank of Canada lowered shares of Equitable from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $34.00 to $33.00 in a research note on Tuesday, December 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Equitable from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, February 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Equitable Trading Down 8.0 %

Shares of EQH opened at $25.08 on Tuesday. The firm has a market capitalization of $9.07 billion, a P/E ratio of 5.73 and a beta of 1.44. Equitable Holdings, Inc. has a 12-month low of $24.61 and a 12-month high of $33.24. The firm has a fifty day moving average price of $31.09 and a 200-day moving average price of $30.03.

Equitable (NYSE:EQH – Get Rating) last issued its earnings results on Wednesday, February 8th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.18). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was down 48.3% on a year-over-year basis. Analysts predict that Equitable Holdings, Inc. will post 5.68 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Monday, February 27th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, February 24th. Equitable’s dividend payout ratio (DPR) is presently 18.26%.

Equitable Profile

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Equitable Holdings, Inc engages in the provision of financial services. It operates through the following segment: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment includes annuity products, which primarily meet the needs of individuals saving for retirement or seeking retirement income.