Equitable Holdings, Inc. $EQH Shares Acquired by Caxton Associates LLP

Caxton Associates LLP grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1,000.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,455 shares of the company’s stock after purchasing an additional 87,693 shares during the period. Caxton Associates LLP’s holdings in Equitable were worth $5,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its stake in Equitable by 16.5% during the first quarter. LPL Financial LLC now owns 71,414 shares of the company’s stock valued at $3,720,000 after buying an additional 10,089 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Equitable in the first quarter worth approximately $212,000. Public Sector Pension Investment Board acquired a new stake in shares of Equitable during the first quarter valued at approximately $4,167,000. HighTower Advisors LLC lifted its position in shares of Equitable by 27.0% in the 1st quarter. HighTower Advisors LLC now owns 28,193 shares of the company’s stock valued at $1,469,000 after acquiring an additional 5,987 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in Equitable by 5.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 96,774 shares of the company’s stock worth $5,036,000 after purchasing an additional 5,010 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the subject of a number of research analyst reports. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Morgan Stanley dropped their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Evercore ISI raised their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Keefe, Bruyette & Woods lifted their target price on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.18.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total transaction of $332,642.10. Following the transaction, the chief operating officer owned 75,098 shares in the company, valued at approximately $3,679,051.02. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William James Iv Eckert sold 4,300 shares of Equitable stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the sale, the chief accounting officer directly owned 15,625 shares of the company’s stock, valued at approximately $738,593.75. The trade was a 21.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 180,658 shares of company stock worth $8,963,860. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE EQH opened at $48.27 on Friday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61. The business’s 50-day moving average price is $47.01 and its two-hundred day moving average price is $50.97. The company has a market capitalization of $13.83 billion, a P/E ratio of -17.49 and a beta of 1.12.

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

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 24th. Equitable’s payout ratio is currently -39.13%.

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.