Amundi Buys 94,316 Shares of Equitable Holdings, Inc. $EQH

Amundi increased its position in Equitable Holdings, Inc. (NYSE:EQH) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,219,610 shares of the company’s stock after purchasing an additional 94,316 shares during the period. Amundi owned 0.74% of Equitable worth $123,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Equitable in the 1st quarter worth $27,000. True Wealth Design LLC boosted its stake in shares of Equitable by 592.6% during the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock worth $31,000 after acquiring an additional 480 shares during the last quarter. Orion Capital Management LLC bought a new stake in Equitable during the first quarter valued at about $33,000. Geneos Wealth Management Inc. grew its stake in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares during the period. Finally, MAI Capital Management increased its stake in shares of Equitable by 64.0% in the second quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $45.82 on Monday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.13 and a current ratio of 0.13. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The stock has a market capitalization of $13.13 billion, a PE ratio of -16.60 and a beta of 1.12. The company has a fifty day moving average of $47.32 and a two-hundred day moving average of $51.13.

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

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were issued a $0.27 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. Equitable’s payout ratio is -39.13%.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $43.28, for a total value of $293,871.20. Following the completion of the transaction, the chief operating officer owned 68,308 shares in the company, valued at approximately $2,956,370.24. This trade represents a 9.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the sale, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This trade represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 176,358 shares of company stock worth $8,760,599 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Barclays reiterated an “overweight” rating and set a $63.00 price objective on shares of Equitable in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Wells Fargo & Company cut their target price on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. One 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. Based on data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

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.