Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,038 shares of the company’s stock after selling 849 shares during the quarter. Metis Global Partners LLC’s holdings in Equitable were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. MQS Management LLC acquired a new stake in Equitable in the 3rd quarter worth about $587,000. Friedenthal Financial purchased a new position in shares of Equitable in the second quarter valued at approximately $831,000. Maverick Capital Ltd. boosted its stake in shares of Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock worth $1,505,000 after acquiring an additional 25,678 shares during the last quarter. TCW Group Inc. increased its position in shares of Equitable by 94.6% during the second quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock worth $5,484,000 after purchasing an additional 65,232 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Equitable by 55.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock valued at $2,564,000 after purchasing an additional 22,346 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In related news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,166 shares of company stock valued at $4,286,705. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EQH shares. Wells Fargo & Company raised their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Barclays increased their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three investment 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 target price of $48.70.

Equitable Price Performance

Shares of NYSE EQH opened at $47.44 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $14.86 billion, a PE ratio of -43.52 and a beta of 1.40. The stock has a fifty day moving average price of $43.97 and a 200 day moving average price of $41.87. Equitable Holdings, Inc. has a 1-year low of $27.74 and a 1-year high of $50.51.

Equitable (NYSE:EQH) last released its 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 positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. Sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable 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.