Equitable Holdings, Inc. (NYSE:EQH) Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 18.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,506 shares of the company’s stock after buying an additional 1,170 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equitable were worth $315,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EQH. Norden Group LLC bought a new stake in Equitable during the first quarter worth approximately $212,000. GSA Capital Partners LLP bought a new stake in Equitable during the first quarter worth approximately $542,000. SG Americas Securities LLC boosted its holdings in Equitable by 672.4% during the first quarter. SG Americas Securities LLC now owns 72,390 shares of the company’s stock worth $2,752,000 after buying an additional 63,018 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Equitable by 2.1% in the 1st quarter. Russell Investments Group Ltd. now owns 516,764 shares of the company’s stock worth $19,639,000 after purchasing an additional 10,733 shares during the period. Finally, US Bancorp DE boosted its stake in Equitable by 4.4% in the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock worth $383,000 after purchasing an additional 423 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Performance

NYSE EQH opened at $47.36 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of -43.45 and a beta of 1.40. The company’s fifty day moving average is $43.26 and its two-hundred day moving average is $41.49. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the sale, the chief executive officer now owns 678,555 shares in the company, valued at approximately $28,635,021. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,500 shares of company stock worth $3,969,870 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EQH. Truist Financial raised their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Citigroup raised their price target on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average price target of $48.70.

Equitable 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.