Equitable Holdings, Inc. $EQH Shares Acquired by Caxton Associates LLP

Caxton Associates LLP raised its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1,000.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,455 shares of the company’s stock after buying an additional 87,693 shares during the quarter. Caxton Associates LLP’s holdings in Equitable were worth $5,411,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EQH. WPG Advisers LLC bought a new position in shares of Equitable in the 1st quarter worth about $27,000. True Wealth Design LLC raised its stake in Equitable by 592.6% during the second 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 period. Orion Capital Management LLC acquired a new stake in Equitable during the first quarter worth about $33,000. Geneos Wealth Management Inc. lifted its holdings in Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after acquiring an additional 424 shares during the last quarter. Finally, MAI Capital Management boosted 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 acquiring an additional 366 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $43.14, for a total value 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. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the transaction, the chief accounting officer owned 15,625 shares of the company’s stock, valued at approximately $738,593.75. This trade represents a 21.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 180,658 shares of company stock valued at $8,963,860 in the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of research reports. Barclays reiterated an “overweight” rating and set a $63.00 price target on shares of Equitable in a research report on Wednesday, October 8th. Evercore ISI increased 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. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Equitable in a research report on Monday, December 8th. Finally, Wall Street Zen downgraded shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.18.

Equitable Stock Performance

Shares of EQH opened at $48.27 on Friday. The firm has a market capitalization of $13.83 billion, a PE ratio of -17.49 and a beta of 1.12. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. The firm has a 50-day moving average price of $47.01 and a 200 day moving average price of $50.97. Equitable Holdings, Inc. has a 52-week low of $41.39 and a 52-week high of $56.61.

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

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 24th. Equitable’s dividend payout ratio (DPR) is presently -39.13%.

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.