American Century Companies Inc. Purchases 125,828 Shares of Equitable Holdings, Inc. $EQH

American Century Companies Inc. increased its position in Equitable Holdings, Inc. (NYSE:EQH) by 27.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,537 shares of the company’s stock after buying an additional 125,828 shares during the quarter. American Century Companies Inc. owned 0.19% of Equitable worth $32,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EQH. Mediolanum International Funds Ltd increased its position in shares of Equitable by 49.7% in the second quarter. Mediolanum International Funds Ltd now owns 190,720 shares of the company’s stock valued at $10,673,000 after acquiring an additional 63,360 shares during the period. MAI Capital Management increased its holdings in Equitable by 64.0% during the 2nd quarter. MAI Capital Management now owns 938 shares of the company’s stock valued at $53,000 after purchasing an additional 366 shares during the period. Entropy Technologies LP lifted its holdings in Equitable by 263.4% in the 2nd quarter. Entropy Technologies LP now owns 63,856 shares of the company’s stock worth $3,582,000 after buying an additional 46,285 shares during the period. Swiss National Bank grew its position in shares of Equitable by 5.1% in the 2nd quarter. Swiss National Bank now owns 928,800 shares of the company’s stock worth $52,106,000 after buying an additional 45,100 shares during the last quarter. Finally, Prudential PLC increased its stake in shares of Equitable by 155.7% during the second quarter. Prudential PLC now owns 113,865 shares of the company’s stock valued at $6,388,000 after buying an additional 69,328 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity

In related news, 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 sale, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at $7,573,932. This trade represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $43.14, for a total value of $1,712,658.00. Following the completion of the sale, the chief executive officer owned 676,540 shares of the company’s stock, valued at $29,185,935.60. The trade was a 5.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 176,358 shares of company stock valued at $8,760,599 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Down 0.3%

NYSE:EQH opened at $46.69 on Friday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market cap of $13.38 billion, a P/E ratio of -16.92 and a beta of 1.17. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The firm has a 50-day simple moving average of $48.08 and a two-hundred day simple moving average of $51.42.

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

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 24th will be paid a $0.27 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Equitable’s payout ratio is currently -39.13%.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research analyst reports. Wolfe Research raised Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Equitable in a research report on Monday, November 24th. Wells Fargo & Company lowered 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, November 7th. Finally, Evercore ISI lifted their price objective on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.18.

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.