Carolina Wealth Advisors LLC Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

Carolina Wealth Advisors LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,153 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in Equitable in the first quarter worth $532,000. GAMMA Investing LLC grew its holdings in Equitable by 26.4% during the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after acquiring an additional 405 shares during the last quarter. Capital Insight Partners LLC raised its stake in shares of Equitable by 42.3% in the first quarter. Capital Insight Partners LLC now owns 17,172 shares of the company’s stock worth $653,000 after acquiring an additional 5,104 shares during the last quarter. Tributary Capital Management LLC lifted its position in shares of Equitable by 40.0% during the first quarter. Tributary Capital Management LLC now owns 10,500 shares of the company’s stock worth $399,000 after purchasing an additional 3,000 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Equitable by 1.0% during the first quarter. State of Michigan Retirement System now owns 84,486 shares of the company’s stock valued at $3,211,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Citigroup upped their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Morgan Stanley cut their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Performance

EQH stock traded down $0.11 during trading hours on Monday, reaching $45.87. The stock had a trading volume of 822,560 shares, compared to its average volume of 2,504,222. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a 50-day simple moving average of $41.64 and a 200 day simple moving average of $40.52. The stock has a market capitalization of $14.92 billion, a PE ratio of 14.22 and a beta of 1.41. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $46.15.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. Equitable’s dividend payout ratio is presently 29.72%.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on 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 transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated 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 owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This 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 can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock worth $3,969,870. Corporate insiders own 1.10% of the company’s stock.

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.