Coldstream Capital Management Inc. Buys New Shares in Equitable Holdings, Inc. (NYSE:EQH)

Coldstream Capital Management Inc. purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,058 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EQH. Covestor Ltd grew its holdings in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the last quarter. LRI Investments LLC boosted its position in shares of Equitable by 892.9% in the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Equitable in the 3rd quarter valued at $48,000. UMB Bank n.a. lifted its stake in Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after buying an additional 718 shares in the last quarter. Finally, Quarry LP lifted its stake in Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after buying an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and increased their target price for the company from $54.00 to $58.00 in a report on Monday, December 9th. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and an average target price of $50.10.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. This represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable 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 transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,166 shares of company stock worth $3,220,205. Corporate insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of EQH stock opened at $47.32 on Tuesday. Equitable Holdings, Inc. has a fifty-two week low of $31.76 and a fifty-two week high of $50.51. The stock’s 50-day moving average is $46.52 and its two-hundred day moving average is $42.95. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $14.83 billion, a P/E ratio of -43.41 and a beta of 1.38.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion for 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 firm’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

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.