Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,165,115 shares of the company’s stock after buying an additional 68,900 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Equitable worth $91,000,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. &PARTNERS lifted its stake in shares of Equitable by 0.7% during the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock worth $1,403,000 after purchasing an additional 254 shares in the last quarter. iA Global Asset Management Inc. boosted its position in shares of Equitable by 4.8% in the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock worth $233,000 after buying an additional 280 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after buying an additional 332 shares in the last quarter. Finally, Capital Insight Partners LLC raised its holdings in shares of Equitable by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock valued at $720,000 after buying an additional 440 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business’s 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 completion of the transaction, 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 4.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The stock was 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 directly owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,166 shares of company stock valued at $5,709,605 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EQH shares. Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Truist Financial boosted their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley lowered their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Finally, Barclays boosted their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Down 0.9 %

Shares of Equitable stock opened at $48.31 on Wednesday. The business has a 50-day moving average price of $44.88 and a 200 day moving average price of $42.22. Equitable Holdings, Inc. has a fifty-two week low of $29.20 and a fifty-two week high of $50.51. The firm has a market cap of $15.14 billion, a P/E ratio of -44.32 and a beta of 1.40. 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 posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

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.