Quest Partners LLC Has $2.68 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Quest Partners LLC increased its position in Equitable Holdings, Inc. (NYSE:EQH) by 377.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 63,827 shares of the company’s stock after purchasing an additional 50,453 shares during the period. Quest Partners LLC’s holdings in Equitable were worth $2,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Equitable during the 1st quarter worth about $28,000. LRI Investments LLC purchased a new position in Equitable during the 1st quarter valued at about $45,000. Carolina Wealth Advisors LLC purchased a new position in Equitable during the 3rd quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its position in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Performance

Shares of NYSE EQH opened at $47.44 on Monday. Equitable Holdings, Inc. has a 12 month low of $27.74 and a 12 month high of $50.51. The company has a market cap of $14.86 billion, a P/E ratio of -43.52 and a beta of 1.40. The business’s 50 day moving average is $43.97 and its two-hundred day moving average is $41.87. 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 issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. On average, equities analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

EQH has been the topic of several research reports. Citigroup upped their price objective on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley reduced their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Barclays increased their price target 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, Truist Financial lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were 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 owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the sale, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. The trade was a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,166 shares of company stock worth $4,286,705 over the last three months. 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.