Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Centiva Capital LP

Centiva Capital LP boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 27.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,486 shares of the company’s stock after purchasing an additional 14,556 shares during the period. Centiva Capital LP’s holdings in Equitable were worth $2,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EQH. Covestor Ltd raised its position in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing 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 valued at $45,000 after purchasing an additional 1,000 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of Equitable during the third quarter worth $48,000. UMB Bank n.a. grew its stake 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 valued at $65,000 after buying an additional 718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Equitable by 141.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company’s stock valued at $96,000 after buying an additional 1,526 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EQH shares. Barclays boosted 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. Morgan Stanley cut their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Price Performance

Shares of EQH opened at $47.33 on Tuesday. Equitable Holdings, Inc. has a twelve month low of $31.31 and a twelve month high of $50.51. The firm’s fifty day simple moving average is $45.39 and its 200-day simple moving average is $42.44. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $1.15 EPS. Equitable’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.03%. Equitable’s dividend payout ratio is currently -88.07%.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 4.29 % 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 $4,443,605 in the last ninety days. 1.10% of the stock is owned by corporate 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.