Wedge Capital Management L L P NC Has $3.09 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Wedge Capital Management L L P NC raised its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 3.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 73,429 shares of the company’s stock after acquiring an additional 2,669 shares during the period. Wedge Capital Management L L P NC’s holdings in Equitable were worth $3,086,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EQH. V Square Quantitative Management LLC raised its position in Equitable by 66.5% during the 4th quarter. V Square Quantitative Management LLC now owns 4,001 shares of the company’s stock worth $133,000 after purchasing an additional 1,598 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Equitable in the fourth quarter worth approximately $2,892,000. Virtu Financial LLC bought a new stake in Equitable in the fourth quarter valued at approximately $315,000. Vanguard Group Inc. increased its position in Equitable by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after purchasing an additional 446,752 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Equitable during the 4th quarter worth approximately $2,628,000. Institutional investors own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their price objective 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. UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $43.00 in a report on Tuesday, June 18th. Barclays boosted their price objective on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods upped their target price on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company lifted their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Equitable Price Performance

Shares of NYSE:EQH opened at $44.10 on Wednesday. The stock’s 50 day moving average is $41.19 and its 200-day moving average is $40.35. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.76. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 13.65 and a beta of 1.41.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

Insider Activity

In related news, CAO William James Iv Eckert sold 3,500 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,500 shares of company stock worth $2,637,870 over the last 90 days. 1.10% of the stock is currently owned by corporate 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.