Natixis Advisors LLC Purchases 14,434 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Natixis Advisors LLC boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 76.4% in the 3rd quarter, Holdings Channel reports. The firm owned 33,321 shares of the company’s stock after buying an additional 14,434 shares during the period. Natixis Advisors LLC’s holdings in Equitable were worth $1,400,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Covestor Ltd raised its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. &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. boosted its stake in shares of 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after purchasing an additional 332 shares during the last quarter. Finally, Capital Insight Partners LLC increased its position in Equitable by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock worth $720,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQH. Wells Fargo & Company raised their target price 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. Morgan Stanley reduced their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Barclays increased their target price on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Truist Financial lifted their price target on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three equities research 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, Equitable presently has an average rating of “Moderate Buy” and an average price target of $48.70.

Equitable Price Performance

Shares of EQH opened at $48.31 on Wednesday. The business has a 50-day moving average of $44.88 and a 200-day moving average of $42.22. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of -44.25 and a beta of 1.40. Equitable Holdings, Inc. has a 1 year low of $29.20 and a 1 year high of $50.51.

Equitable (NYSE:EQH) last released its quarterly 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. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue was down 15.1% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 1.99%. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This represents a 4.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares of the company’s stock, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,166 shares of company stock worth $5,709,605. Company insiders own 1.10% of the company’s stock.

About Equitable

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.