Barclays PLC Raises Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Barclays PLC lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 13.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,498 shares of the company’s stock after buying an additional 59,844 shares during the quarter. Barclays PLC’s holdings in Equitable were worth $21,076,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd grew its holdings in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Equitable by 892.9% during the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after purchasing an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in Equitable during the third quarter valued at approximately $48,000. UMB Bank n.a. raised its stake in Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after buying an additional 718 shares in the last quarter. Finally, Quarry LP lifted its holdings in Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after buying an additional 2,039 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Up 0.9 %

EQH stock opened at $47.47 on Friday. The stock has a market capitalization of $14.87 billion, a PE ratio of -43.55 and a beta of 1.38. Equitable Holdings, Inc. has a 52 week low of $31.76 and a 52 week high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a 50 day moving average of $46.42 and a 200 day moving average of $42.89.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $3.78 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. Sell-side analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

Analysts Set New Price Targets

EQH has been the subject of several recent research reports. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Morgan Stanley cut their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company increased their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $50.10.

Insider Buying and Selling

In related news, 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 transaction, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The trade was a 4.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,166 shares of company stock valued at $4,443,605 over the last 90 days. Insiders own 1.10% of the company’s stock.

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.