Ethic Inc. Increases Stock Holdings in Equitable Holdings, Inc. $EQH

Ethic Inc. increased its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,151 shares of the company’s stock after acquiring an additional 8,477 shares during the quarter. Ethic Inc.’s holdings in Equitable were worth $5,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Equitable in the first quarter worth $27,000. Orion Capital Management LLC purchased a new stake in Equitable in the first quarter worth $33,000. Geneos Wealth Management Inc. lifted its stake in Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after acquiring an additional 424 shares during the period. Cullen Frost Bankers Inc. bought a new position in Equitable in the second quarter worth $73,000. Finally, BankPlus Trust Department bought a new position in Equitable in the second quarter worth $75,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In related news, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the sale, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $48.17, for a total value of $1,912,349.00. Following the completion of the sale, the chief executive officer owned 689,040 shares of the company’s stock, valued at $33,191,056.80. The trade was a 5.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,958 shares of company stock valued at $9,362,262 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Wall Street Zen downgraded Equitable from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Wells Fargo & Company increased their price objective on Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Evercore ISI increased their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.45.

Equitable Price Performance

Shares of NYSE:EQH opened at $48.70 on Friday. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The business has a fifty day moving average price of $51.79 and a 200-day moving average price of $51.87. The company has a market capitalization of $14.59 billion, a PE ratio of 39.27 and a beta of 1.10.

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.