Qsemble Capital Management LP Boosts Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Qsemble Capital Management LP lifted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 902.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,456 shares of the company’s stock after buying an additional 70,629 shares during the period. Qsemble Capital Management LP’s holdings in Equitable were worth $3,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Covestor Ltd boosted its position in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Equitable during the first quarter valued at about $28,000. LRI Investments LLC boosted its holdings in shares of Equitable by 892.9% during the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock worth $45,000 after purchasing an additional 1,000 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of Equitable in the third quarter worth about $48,000. Finally, UMB Bank n.a. increased its holdings in Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQH. Truist Financial lifted 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. Wells Fargo & Company raised their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley cut their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Barclays increased their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.70.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now directly owns 648,555 shares of the company’s stock, valued at $30,760,963.65. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares of the company’s stock, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,166 shares of company stock valued at $5,709,605. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Up 2.9 %

NYSE EQH opened at $48.99 on Tuesday. The stock’s fifty day moving average price is $44.88 and its 200-day moving average price is $42.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a market cap of $15.35 billion, a P/E ratio of -44.94 and a beta of 1.40. Equitable Holdings, Inc. has a 12 month low of $29.20 and a 12 month high of $50.51.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $1.15 EPS. Equitable’s revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.96%. Equitable’s dividend payout ratio is -88.07%.

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.