XTX Topco Ltd Acquires 985 Shares of Equitable Holdings, Inc. (NYSE:EQH)

XTX Topco Ltd increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,228 shares of the company’s stock after buying an additional 985 shares during the quarter. XTX Topco Ltd’s holdings in Equitable were worth $1,358,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EQH. &PARTNERS lifted its holdings in shares of Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock worth $1,403,000 after acquiring an additional 254 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in Equitable by 4.8% in the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock valued at $233,000 after purchasing an additional 280 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Equitable by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock valued at $2,949,000 after buying an additional 329 shares in the last quarter. TCW Group Inc. grew its stake in shares of Equitable by 0.5% during the fourth quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock worth $2,397,000 after buying an additional 371 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after buying an additional 405 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price target on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Jefferies Financial Group raised their price objective on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Morgan Stanley reduced their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Finally, UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $43.00 in a report on Tuesday, June 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.64.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were 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 $819,596.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,469 shares of company stock valued at $3,067,434. Corporate insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of Equitable stock opened at $42.13 on Friday. The company has a market cap of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The business has a 50-day moving average price of $40.90 and a two-hundred day moving average price of $39.48. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.50.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s payout ratio is 29.72%.

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.