Equitable Holdings, Inc. (NYSE:EQH) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.3% during the third quarter, Holdings Channel.com reports. The firm owned 2,165,115 shares of the company’s stock after buying an additional 68,900 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Equitable were worth $91,000,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of EQH. Dimensional Fund Advisors LP grew its position in Equitable by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after buying an additional 539,904 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after acquiring an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Equitable during the second quarter valued at approximately $110,176,000. Principal Financial Group Inc. raised its holdings in Equitable by 57.8% during the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Finally, Samlyn Capital LLC acquired a new stake in Equitable in the second quarter worth approximately $63,334,000. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

Shares of NYSE:EQH opened at $48.31 on Wednesday. The company’s fifty day moving average is $44.88 and its two-hundred day moving average is $42.22. The company has a market cap of $15.14 billion, a P/E ratio of -44.32 and a beta of 1.40. Equitable Holdings, Inc. has a 12-month low of $29.20 and a 12-month high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. Equities analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

Analyst Ratings Changes

A number of research firms have recently commented on EQH. Barclays boosted their price objective on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Morgan Stanley dropped their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Truist Financial raised their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Transactions at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the transaction, the chief executive officer now owns 648,555 shares in the company, valued at $30,760,963.65. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,166 shares of company stock valued at $5,709,605. 1.10% of the stock is owned by insiders.

Equitable Company 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.