Equitable Holdings, Inc. (NYSE:EQH) Short Interest Update

Equitable Holdings, Inc. (NYSE:EQH) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,760,000 shares, a growth of 7.4% from the September 30th total of 4,430,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.5% of the shares of the company are short sold.

Equitable Stock Performance

Shares of EQH stock traded down $0.17 during mid-day trading on Friday, hitting $45.17. The stock had a trading volume of 1,573,243 shares, compared to its average volume of 2,471,259. Equitable has a fifty-two week low of $25.42 and a fifty-two week high of $46.48. The firm has a market cap of $14.32 billion, a PE ratio of 18.89 and a beta of 1.41. 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 company’s 50-day simple moving average is $42.58 and its 200-day simple moving average is $40.97.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The company 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 business’s revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the business earned $1.17 EPS. Sell-side analysts anticipate that Equitable will post 6.04 earnings per share for the current year.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William James Iv Eckert sold 3,500 shares of the business’s 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 transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,500 shares of company stock valued at $3,969,870. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Equitable

A number of large investors have recently made changes to their positions in the stock. &PARTNERS increased its holdings in shares of Equitable by 0.7% in the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 254 shares in the last quarter. iA Global Asset Management Inc. increased its holdings 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 increased its holdings in shares of Equitable by 5.1% in 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 in the last quarter. US Bancorp DE increased its holdings in shares of Equitable by 4.4% in the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock valued at $383,000 after purchasing an additional 423 shares in the last quarter. Finally, Capital Insight Partners LLC increased its holdings in shares of Equitable by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock valued at $720,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

EQH has been the topic of several recent analyst reports. Morgan Stanley decreased 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. Wells Fargo & Company boosted their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Truist Financial boosted their price target on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Finally, Citigroup upped their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

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.