45,104 Shares in Equitable Holdings, Inc. (NYSE:EQH) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 45,104 shares of the company’s stock, valued at approximately $1,896,000.

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Equitable in the 1st quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in shares of Equitable in the 1st quarter valued at $45,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Equitable in the third quarter worth $48,000. UMB Bank n.a. raised its holdings in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares during the last quarter. Finally, Quarry LP lifted its position in Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after purchasing an additional 2,039 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial upped their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Stock Performance

NYSE:EQH opened at $46.06 on Wednesday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $14.98 billion, a PE ratio of 14.26 and a beta of 1.41. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $46.17. The company has a fifty day moving average of $41.94 and a two-hundred day moving average of $40.64.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.08%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

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.