Raiffeisen Bank International AG Takes Position in Equitable Holdings, Inc. $EQH

Raiffeisen Bank International AG acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,982 shares of the company’s stock, valued at approximately $1,142,000.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners acquired a new position in Equitable during the 1st quarter worth $108,264,000. Wellington Management Group LLP lifted its holdings in Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after purchasing an additional 2,061,496 shares during the period. Nuveen LLC bought a new position in Equitable in the 1st quarter valued at about $99,319,000. Robeco Institutional Asset Management B.V. raised its position in shares of Equitable by 553.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock worth $121,553,000 after buying an additional 1,834,889 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Equitable by 26.4% in the 2nd quarter. Geode Capital Management LLC now owns 7,428,619 shares of the company’s stock worth $415,786,000 after acquiring an additional 1,551,551 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of NYSE:EQH opened at $43.14 on Wednesday. The company has a market capitalization of $12.36 billion, a PE ratio of -15.63 and a beta of 1.17. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a fifty day moving average of $49.35 and a 200-day moving average of $51.76. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61.

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

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 24th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, November 24th. Equitable’s payout ratio is presently -39.13%.

Insider Buying and Selling

In other news, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. The trade was a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the sale, the director owned 26,001 shares of the company’s stock, valued at approximately $1,348,411.86. This trade represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 139,258 shares of company stock worth $7,182,777 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EQH has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a research note on Sunday. Morgan Stanley decreased their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Barclays reissued an “overweight” rating and issued a $63.00 price objective on shares of Equitable in a research note on Wednesday, October 8th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Evercore ISI lifted their target price 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 assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and an average target price 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.