Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its position in Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 63.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,541 shares of the company’s stock after purchasing an additional 5,259 shares during the period. Bank of Nova Scotia’s holdings in Equitable were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EQH. JPMorgan Chase & Co. lifted its position in Equitable by 109.8% in the first quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company’s stock valued at $7,021,000 after purchasing an additional 118,874 shares during the period. Private Advisor Group LLC lifted its position in shares of Equitable by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 9,261 shares of the company’s stock valued at $287,000 after acquiring an additional 2,405 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Equitable during the 1st quarter valued at approximately $216,000. Rhumbline Advisers lifted its position in shares of Equitable by 2.6% during the 1st quarter. Rhumbline Advisers now owns 309,504 shares of the company’s stock valued at $9,567,000 after acquiring an additional 7,745 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of Equitable by 6.2% during the 1st quarter. Yousif Capital Management LLC now owns 10,896 shares of the company’s stock valued at $337,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 93.17% of the company’s stock.

Equitable Stock Performance

EQH stock opened at $24.72 on Thursday. The stock has a market capitalization of $8.80 billion, a P/E ratio of 7.27 and a beta of 1.40. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $33.24. The company has a 50 day moving average price of $24.67 and a two-hundred day moving average price of $28.44.

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

Analysts Set New Price Targets

EQH has been the subject of a number of research reports. TheStreet downgraded shares of Equitable from a “b” rating to a “c+” rating in a research report on Wednesday, February 8th. Raymond James initiated coverage on shares of Equitable in a research report on Wednesday, February 8th. They set a “market perform” rating for the company. Barclays lifted their price target on shares of Equitable from $30.00 to $31.00 in a research report on Friday, May 12th. 92 Resources reissued a “maintains” rating on shares of Equitable in a research note on Friday, May 5th. Finally, Morgan Stanley dropped their price objective on shares of Equitable from $48.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Insider Activity

In related news, CFO Robin M. Raju acquired 2,096 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $23.78 per share, with a total value of $49,842.88. Following the purchase, the chief financial officer now directly owns 96,226 shares of the company’s stock, valued at $2,288,254.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Robin M. Raju acquired 2,096 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $23.78 per share, with a total value of $49,842.88. Following the purchase, the chief financial officer now directly owns 96,226 shares of the company’s stock, valued at $2,288,254.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kristi Ann Matus sold 19,297 shares of Equitable stock in a transaction on Friday, March 24th. The shares were 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. Corporate insiders own 1.02% of the company’s stock.

Equitable Company 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.