Equitable Holdings, Inc. (NYSE:EQH) Short Interest Update

Equitable Holdings, Inc. (NYSE:EQH) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 4,760,000 shares, a growth of 7.4% from the September 30th total of 4,430,000 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 2,140,000 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the sale, the chief executive officer now directly owns 658,555 shares of the company’s stock, valued at $29,239,842. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares in the company, valued at approximately $29,239,842. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Equitable

Hedge funds and other institutional investors have recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Equitable during the first quarter valued at $28,000. LRI Investments LLC acquired a new stake in Equitable in the first quarter worth about $45,000. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the third quarter worth about $48,000. UMB Bank n.a. lifted its holdings 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 purchasing an additional 718 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Equitable by 141.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company’s stock worth $96,000 after purchasing an additional 1,526 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQH. Wells Fargo & Company lifted 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. Truist Financial lifted their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup lifted their price objective on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley dropped their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Three investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Performance

EQH stock traded down $0.17 during trading on Friday, hitting $45.17. 1,573,243 shares of the company’s stock traded hands, compared to its average volume of 2,471,259. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable has a 52 week low of $25.42 and a 52 week high of $46.48. The stock has a fifty day moving average price of $42.58 and a two-hundred day moving average price of $40.97. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 18.89 and a beta of 1.41.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating 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 analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts anticipate that Equitable will post 6.04 EPS for the current fiscal year.

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.