Equitable Holdings, Inc. $EQH Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in Equitable Holdings, Inc. (NYSE:EQH) by 10,573.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 26,683 shares of the company’s stock after acquiring an additional 26,433 shares during the period. TD Waterhouse Canada Inc.’s holdings in Equitable were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQH. BlackRock Inc. purchased a new position in Equitable in the 2nd quarter worth $1,136,305,000. Canada Pension Plan Investment Board purchased a new stake in Equitable during the 2nd quarter valued at about $399,576,000. Wellington Management Group LLP grew its stake in Equitable by 6.3% during the 2nd quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after purchasing an additional 523,638 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in Equitable during the 2nd quarter valued at about $244,052,000. Finally, Thornburg Investment Management Inc. increased its holdings in shares of Equitable by 3.0% in the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company’s stock valued at $225,646,000 after purchasing an additional 148,132 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.8%

Shares of Equitable stock opened at $54.47 on Thursday. The stock has a market cap of $14.87 billion, a PE ratio of -16.46, a price-to-earnings-growth ratio of 0.53 and a beta of 1.10. The firm has a fifty day moving average price of $52.29 and a 200 day moving average price of $47.02. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.22. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was down 29.8% on a year-over-year basis. Equities research analysts predict that Equitable Holdings, Inc. will post 7.17 earnings per share for the current year.

Analysts Set New Price Targets

EQH has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings raised Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Jefferies Financial Group upped their target price on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Mizuho reduced their price target on shares of Equitable from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $63.18.

Insider Buying and Selling at Equitable

In other Equitable news, Director Bertram Scott sold 2,780 shares of Equitable stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $54.35, for a total transaction of $151,093.00. Following the completion of the transaction, the director owned 23,685 shares in the company, valued at approximately $1,287,279.75. This trade represents a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nick Lane sold 14,923 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $53.24, for a total value of $794,500.52. Following the completion of the transaction, the insider directly owned 110,007 shares of the company’s stock, valued at approximately $5,856,772.68. This trade represents a 11.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,816 shares of company stock worth $1,731,591. Insiders own 1.00% of the company’s stock.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.