Los Angeles Capital Management LLC Decreases Stock Holdings in Equitable Holdings, Inc. $EQH

Los Angeles Capital Management LLC lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,059,919 shares of the company’s stock after selling 46,099 shares during the quarter. Los Angeles Capital Management LLC owned 0.35% of Equitable worth $59,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EQH. WPG Advisers LLC purchased a new position in Equitable in the first quarter worth about $27,000. True Wealth Design LLC lifted its stake in shares of Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Equitable in the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Equitable during the 2nd quarter valued at approximately $73,000. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Performance

Equitable stock opened at $45.28 on Friday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.14 and a current ratio of 0.10. The company has a market capitalization of $13.56 billion, a PE ratio of -16.41 and a beta of 1.17. The company has a 50 day moving average price of $50.58 and a 200-day moving average price of $51.99. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.11). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The company’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $48.17, for a total transaction of $1,912,349.00. Following the transaction, the chief executive officer directly owned 689,040 shares in the company, valued at $33,191,056.80. This represents a 5.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 178,958 shares of company stock worth $9,362,262. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday. Barclays restated an “overweight” rating and issued a $63.00 target price on shares of Equitable in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a report on Tuesday, October 14th. Morgan Stanley decreased their price objective on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $64.18.

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.