abrdn plc Buys 11,952 Shares of Equitable Holdings, Inc. (NYSE:EQH)

abrdn plc boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,656 shares of the company’s stock after purchasing an additional 11,952 shares during the quarter. abrdn plc’s holdings in Equitable were worth $2,544,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 710 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Equitable in the 4th quarter worth $67,000. CWM LLC grew its position in Equitable by 70.9% in the 4th quarter. CWM LLC now owns 2,565 shares of the company’s stock worth $74,000 after purchasing an additional 1,064 shares during the last quarter. Romano Brothers AND Company acquired a new stake in Equitable in the 4th quarter worth $79,000. Finally, American International Group Inc. grew its position in Equitable by 9.3% in the 2nd quarter. American International Group Inc. now owns 4,007 shares of the company’s stock worth $104,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Equitable Stock Down 0.1 %

NYSE:EQH opened at $25.18 on Wednesday. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $33.24. The firm has a market cap of $8.97 billion, a PE ratio of 7.41 and a beta of 1.40. The company’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $28.47.

Equitable (NYSE:EQH – Get Rating) last announced its earnings results on Wednesday, May 3rd. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.28). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.28 billion. On average, research analysts expect that Equitable Holdings, Inc. will post 5.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EQH has been the topic of several recent research reports. Raymond James initiated coverage on shares of Equitable in a research report on Wednesday, February 8th. They set a “market perform” rating on the stock. TheStreet lowered shares of Equitable from a “b” rating to a “c+” rating in a research report on Wednesday, February 8th. Wells Fargo & Company decreased their target price on shares of Equitable from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. 92 Resources reiterated a “maintains” rating on shares of Equitable in a research report on Friday, May 5th. Finally, Royal Bank of Canada reduced their price target on shares of Equitable from $33.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Monday, April 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Insiders Place Their Bets

In other Equitable news, Director Kristi Ann Matus sold 19,297 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $23.34, for a total value of $450,391.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO William James Iv Eckert sold 8,100 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $25.38, for a total transaction of $205,578.00. Following the completion of the sale, the chief accounting officer now directly owns 27,062 shares of the company’s stock, valued at $686,833.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristi Ann Matus sold 19,297 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $23.34, for a total transaction of $450,391.98. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

About Equitable

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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.