Integrated Quantitative Investments LLC Grows Stock Holdings in Equitable Holdings, Inc. $EQH

Integrated Quantitative Investments LLC lifted its position in Equitable Holdings, Inc. (NYSE:EQH) by 208.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,288 shares of the company’s stock after buying an additional 15,748 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Equitable were worth $1,306,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EQH. Evercore ISI upped their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Morgan Stanley cut their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen downgraded Equitable from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Wolfe Research raised shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus target price of $64.18.

Equitable Trading Down 1.3%

Shares of Equitable stock opened at $44.57 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.14 and a debt-to-equity ratio of 11.87. The company has a fifty day simple moving average of $49.75 and a 200-day simple moving average of $51.84. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of -16.15 and a beta of 1.17. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the firm earned $1.58 earnings per share. Equitable’s revenue was down 52.8% on a year-over-year basis. On average, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.4%. Equitable’s dividend payout ratio is currently -39.13%.

Insider Buying and Selling at Equitable

In other news, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the sale, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the firm’s 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 transaction, the chief executive officer directly owned 689,040 shares in the company, valued at approximately $33,191,056.80. This represents a 5.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 172,168 shares of company stock valued at $8,994,990. Company insiders own 1.10% of the company’s stock.

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.