Foster & Motley Inc. Has $7.17 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Foster & Motley Inc. raised its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,549 shares of the company’s stock after acquiring an additional 3,648 shares during the period. Foster & Motley Inc. owned approximately 0.05% of Equitable worth $7,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Equitable in the 1st quarter valued at $28,000. LRI Investments LLC bought a new position in Equitable during the first quarter worth about $45,000. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the 3rd quarter worth about $48,000. UMB Bank n.a. boosted its holdings in Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Equitable by 141.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company’s stock worth $96,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 7.9 %

Shares of Equitable stock opened at $47.99 on Wednesday. The firm has a market capitalization of $15.21 billion, a PE ratio of -40.82 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm’s 50 day moving average is $42.86 and its 200 day moving average is $41.26. Equitable Holdings, Inc. has a 1 year low of $25.88 and a 1 year high of $47.99.

Equitable (NYSE:EQH) last announced 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 net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities research analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EQH shares. Morgan Stanley cut their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Wells Fargo & Company increased their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Truist Financial boosted 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. Barclays increased their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Citigroup boosted 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the transaction, the chief executive officer now owns 658,555 shares of the company’s stock, valued at $29,239,842. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief executive officer now directly owns 658,555 shares in the company, valued at $29,239,842. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is currently owned by insiders.

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.