40,442 Shares in Equitable Holdings, Inc. $EQH Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the third quarter, HoldingsChannel.com reports. The firm bought 40,442 shares of the company’s stock, valued at approximately $2,073,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Equitable in the 2nd quarter valued at $1,136,305,000. Canada Pension Plan Investment Board bought a new position in shares of Equitable in the 2nd quarter worth $399,576,000. Wellington Management Group LLP lifted its stake in shares of Equitable by 6.3% during the 2nd quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock worth $385,485,000 after purchasing an additional 523,638 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Equitable during the 2nd quarter worth $244,052,000. Finally, Thornburg Investment Management Inc. boosted its position in Equitable by 3.0% during 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 in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 5.7%

Equitable stock opened at $52.91 on Friday. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.12. The business’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $46.06. The company has a market cap of $14.45 billion, a PE ratio of 10.16, a PEG ratio of 0.55 and a beta of 1.06. Equitable Holdings, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $56.83.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 2nd. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.27. Equitable had a negative return on equity of 3,089.96% and a net margin of 11.53%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue was up 167.7% compared to the same quarter last year. Equities analysts anticipate that Equitable Holdings, Inc. will post 7.20 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQH. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Evercore restated an “outperform” rating and issued a $66.00 target price on shares of Equitable in a research note on Thursday, August 20th. Barclays lifted their price target on shares of Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Truist Financial lifted their price target on shares of Equitable from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on Equitable from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.33.

Insider Buying and Selling at Equitable

In related news, Director Bertram L. Scott sold 2,780 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $54.35, for a total transaction of $151,093.00. Following the completion of the transaction, the director directly owned 23,685 shares in the company, valued at $1,287,279.75. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig C. Mackay sold 2,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $54.27, for a total value of $108,540.00. Following the sale, the director directly owned 16,999 shares in the company, valued at $922,535.73. This represents a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,850 shares of company stock worth $1,270,055. Corporate insiders own 1.00% of the company’s stock.

About Equitable

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.