Cullen Frost Bankers Inc. Buys Shares of 1,300 Equitable Holdings, Inc. $EQH

Cullen Frost Bankers Inc. bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,300 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQH. GAMMA Investing LLC boosted its stake in Equitable by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 10,371 shares of the company’s stock valued at $540,000 after purchasing an additional 1,961 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Equitable by 26.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,841 shares of the company’s stock valued at $1,815,000 after purchasing an additional 7,240 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Equitable during the 1st quarter valued at about $252,000. Asset Management One Co. Ltd. lifted its stake in shares of Equitable by 15.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company’s stock worth $8,047,000 after acquiring an additional 20,317 shares during the period. Finally, PDS Planning Inc acquired a new stake in shares of Equitable in the 1st quarter worth approximately $230,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of research analyst reports. Evercore ISI upped their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Barclays reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Equitable in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company upped their price target on shares of Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the sale, the chief operating officer owned 75,098 shares in the company, valued at approximately $3,679,051.02. This represents a 8.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the transaction, the director owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,958 shares of company stock valued at $9,362,262 over the last quarter. Company insiders own 1.10% of the company’s stock.

Equitable Stock Up 0.3%

NYSE EQH opened at $48.85 on Friday. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The company’s 50 day simple moving average is $51.69 and its 200 day simple moving average is $51.96. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a market capitalization of $14.63 billion, a P/E ratio of 39.39 and a beta of 1.10.

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.