New York State Teachers Retirement System Purchases 1,133 Shares of Equitable Holdings, Inc. (NYSE:EQH)

New York State Teachers Retirement System grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,781 shares of the company’s stock after acquiring an additional 1,133 shares during the quarter. New York State Teachers Retirement System’s holdings in Equitable were worth $6,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Norden Group LLC purchased a new stake in shares of Equitable during the 1st quarter valued at about $212,000. Daiwa Securities Group Inc. raised its position in Equitable by 10.6% during the first quarter. Daiwa Securities Group Inc. now owns 24,093 shares of the company’s stock valued at $916,000 after purchasing an additional 2,300 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Equitable in the 1st quarter valued at approximately $542,000. Quantbot Technologies LP boosted its holdings in shares of Equitable by 27.0% in the 1st quarter. Quantbot Technologies LP now owns 179,311 shares of the company’s stock worth $6,816,000 after purchasing an additional 38,136 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Equitable by 672.4% during the 1st quarter. SG Americas Securities LLC now owns 72,390 shares of the company’s stock valued at $2,752,000 after purchasing an additional 63,018 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock valued at $3,969,870 over the last three months. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EQH has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays raised their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Truist Financial raised their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Citigroup upped their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Performance

Equitable stock opened at $44.49 on Wednesday. Equitable Holdings, Inc. has a fifty-two week low of $25.88 and a fifty-two week high of $46.48. The company has a market capitalization of $14.10 billion, a PE ratio of 18.54 and a beta of 1.40. The company has a 50 day moving average price of $42.81 and a 200-day moving average price of $41.20. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

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.