Andra AP fonden Makes New $404,000 Investment in Equitable Holdings, Inc. $EQH

Andra AP fonden 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 Securities and Exchange Commission. The institutional investor bought 7,200 shares of the company’s stock, valued at approximately $404,000.

Several other large investors also recently modified their holdings of the stock. OneDigital Investment Advisors LLC bought a new position in Equitable during the first quarter valued at $255,000. Envestnet Asset Management Inc. raised its stake in shares of Equitable by 36.6% in the first quarter. Envestnet Asset Management Inc. now owns 257,526 shares of the company’s stock valued at $13,415,000 after buying an additional 69,011 shares during the period. Brown Advisory Inc. purchased a new position in shares of Equitable during the 1st quarter valued at $8,187,000. M&T Bank Corp grew its stake in shares of Equitable by 12.4% during the 1st quarter. M&T Bank Corp now owns 47,581 shares of the company’s stock worth $2,479,000 after acquiring an additional 5,258 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Equitable by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 65,484 shares of the company’s stock worth $3,311,000 after acquiring an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the business’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 transaction, the chief operating officer owned 75,098 shares of the company’s stock, valued at $3,679,051.02. The trade was a 8.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. The trade was a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 178,958 shares of company stock valued at $9,362,262 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQH. Keefe, Bruyette & Woods boosted their price objective on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Evercore ISI upped their price target on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wells Fargo & Company cut their price objective on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and an average price target of $64.18.

Equitable Trading Up 0.9%

Shares of EQH stock opened at $45.28 on Friday. The company has a market capitalization of $13.56 billion, a PE ratio of -16.41 and a beta of 1.17. Equitable Holdings, Inc. has a 52-week low of $41.39 and a 52-week high of $56.61. The business’s fifty day moving average is $50.58 and its 200 day moving average is $52.02. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.14 and a current ratio of 0.10.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.11). Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Equitable’s quarterly revenue was down 52.8% compared to the same quarter last year. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

About Equitable

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.