Point72 Asia Singapore Pte. Ltd. Purchases Shares of 12,199 Equitable Holdings, Inc. (NYSE:EQH)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,199 shares of the company’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after acquiring an additional 446,752 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Equitable by 60.9% in the first quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after acquiring an additional 38,040 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Equitable by 265.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after acquiring an additional 50,460 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Equitable in the fourth quarter valued at $2,892,000. Finally, Friedenthal Financial acquired a new stake in Equitable in the second quarter valued at $831,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 9,969 shares of the company’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 sale, the chief operating officer now owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equitable news, 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 transaction, the chief operating officer now directly owns 111,552 shares in the company, valued at $4,806,775.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,469 shares of company stock worth $3,067,434. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Down 0.5 %

Equitable stock opened at $42.00 on Thursday. The stock has a market capitalization of $13.31 billion, a PE ratio of 13.00 and a beta of 1.42. Equitable Holdings, Inc. has a 12-month low of $24.65 and a 12-month high of $44.50. 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 firm has a 50 day simple moving average of $40.86 and a 200-day simple moving average of $39.70.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a $0.24 dividend. 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 payout ratio is presently 29.72%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Barclays started coverage on Equitable in a research report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price objective for the company. UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $40.00 to $43.00 in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods boosted their price target on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

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.