abrdn plc Buys 8,628 Shares of Equitable Holdings, Inc. (NYSE:EQH)

abrdn plc boosted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,570 shares of the company’s stock after purchasing an additional 8,628 shares during the quarter. abrdn plc’s holdings in Equitable were worth $3,557,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in shares of Equitable by 11.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 37,140 shares of the company’s stock valued at $1,560,000 after acquiring an additional 3,890 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Equitable by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company’s stock valued at $315,000 after purchasing an additional 1,170 shares in the last quarter. Forsta AP Fonden raised its holdings in Equitable by 28.5% in the third quarter. Forsta AP Fonden now owns 63,500 shares of the company’s stock worth $2,669,000 after purchasing an additional 14,100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Equitable by 2.4% during the third quarter. Louisiana State Employees Retirement System now owns 88,600 shares of the company’s stock worth $3,724,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Equitable in the 3rd quarter valued at $286,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQH. Citigroup raised their price objective on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Barclays boosted their price objective on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. 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 report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Finally, Morgan Stanley dropped their price objective 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Performance

Shares of EQH stock opened at $45.13 on Monday. The firm has a market cap of $14.30 billion, a PE ratio of 18.80 and a beta of 1.40. Equitable Holdings, Inc. has a 12 month low of $25.42 and a 12 month high of $46.48. The company’s fifty day simple moving average is $42.75 and its 200-day simple moving average is $41.10. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable 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 sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 approximately $27,263,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the 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 completion of the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock worth $3,969,870 in the last three months. 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.