QRG Capital Management Inc. Acquires 3,034 Shares of Equitable Holdings, Inc. (NYSE:EQH)

QRG Capital Management Inc. boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,032 shares of the company’s stock after purchasing an additional 3,034 shares during the period. QRG Capital Management Inc.’s holdings in Equitable were worth $3,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC grew its position in Equitable by 60.9% during the first quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after buying an additional 38,040 shares during the period. Friedenthal Financial purchased a new position in Equitable in the second quarter valued at about $831,000. TCW Group Inc. grew its position in shares of Equitable by 94.6% during the 2nd quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock valued at $5,484,000 after acquiring an additional 65,232 shares during the period. Maverick Capital Ltd. increased its stake in shares of Equitable by 230.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock worth $1,505,000 after purchasing an additional 25,678 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Equitable by 55.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock valued at $2,564,000 after purchasing an additional 22,346 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 13.3 %

Shares of EQH stock opened at $50.40 on Thursday. The company has a market capitalization of $15.97 billion, a PE ratio of -46.24 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51. The business’s fifty day moving average is $43.03 and its 200 day moving average is $41.32. 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 released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the firm posted $1.15 EPS. The company’s revenue was down 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares of the company’s stock, valued at $28,635,021. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. This trade represents 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 worth $3,969,870 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of recent research reports. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Truist Financial lifted their target price 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. 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 note on Monday, August 19th. Finally, Wells Fargo & Company lifted their price objective 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.70.

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.