Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in Equitable Holdings, Inc. (NYSE:EQH) by 27.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,794 shares of the company’s stock after purchasing an additional 9,563 shares during the period. Toronto Dominion Bank’s holdings in Equitable were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. LRI Investments LLC raised its position in Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock worth $45,000 after acquiring an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the 3rd quarter valued at about $48,000. UMB Bank n.a. boosted its position in shares of Equitable by 86.3% during 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 in the last quarter. Finally, Quarry LP grew its stake in shares of Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after purchasing an additional 2,039 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,166 shares of company stock worth $3,220,205. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EQH. Wells Fargo & Company increased their target price 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. Morgan Stanley reduced their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. 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. Finally, Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and increased their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus price target of $50.10.

Equitable Stock Up 0.9 %

EQH stock opened at $47.47 on Monday. The company has a 50 day moving average of $46.42 and a two-hundred day moving average of $42.91. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -43.55 and a beta of 1.38. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $50.51. 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 announced its quarterly earnings data 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 positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $1.15 earnings per share. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. Equitable’s payout ratio is -88.07%.

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.