UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Equitable Holdings, Inc. (NYSE:EQH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,220,356 shares of the company’s stock after buying an additional 54,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equitable were worth $93,322,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after acquiring an additional 539,904 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after buying an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Equitable during the second quarter worth $110,176,000. Charles Schwab Investment Management Inc. boosted its holdings in Equitable by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,165,115 shares of the company’s stock valued at $91,000,000 after purchasing an additional 68,900 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Equitable by 57.8% during the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Trading Down 1.9 %

Shares of Equitable stock opened at $47.33 on Tuesday. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of -43.42 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $31.31 and a 52-week high of $50.51. The company’s 50-day simple moving average is $45.39 and its 200-day simple moving average is $42.44. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. As a group, equities research analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Dividend Announcement

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 issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQH. Morgan Stanley reduced their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Barclays lifted their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price target on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 4.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,166 shares of company stock worth $4,443,605. Corporate insiders own 1.10% of the company’s stock.

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.