Equitable Holdings, Inc. $EQH Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Equitable Holdings, Inc. (NYSE:EQH) by 20.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,238,387 shares of the company’s stock after purchasing an additional 376,811 shares during the period. Federated Hermes Inc. owned about 0.75% of Equitable worth $125,574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in Equitable during the first quarter worth approximately $27,000. True Wealth Design LLC lifted 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 purchasing an additional 480 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Equitable during the first quarter worth $33,000. Geneos Wealth Management Inc. grew its position in shares of Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares during the period. Finally, MAI Capital Management increased its stake in Equitable by 64.0% in the second 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 last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EQH shares. Wall Street Zen lowered Equitable from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Equitable in a research report on Monday, December 1st. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Morgan Stanley dropped their price objective on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. One 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. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.18.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $43.14, for a total transaction of $1,712,658.00. Following the sale, the chief executive officer directly owned 676,540 shares in the company, valued at approximately $29,185,935.60. This trade represents a 5.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 176,358 shares of company stock valued at $8,760,599 over the last quarter. Company insiders own 1.10% of the company’s stock.

Equitable Trading Down 0.3%

Shares of EQH stock opened at $45.82 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The firm’s 50 day moving average price is $47.32 and its two-hundred day moving average price is $51.13. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of -16.60 and a beta of 1.12.

Equitable (NYSE:EQH) last issued its 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). Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the business posted $1.58 EPS. The business’s revenue was down 52.8% on a year-over-year basis. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. Equitable’s dividend payout ratio is presently -39.13%.

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.