Equitable Holdings, Inc. $EQH Shares Newly Bought by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 40,442 Equitable shares in the third quarter, valued at approximately $2.07 million. Institutional investors collectively own 92.7% of the company’s stock.
• Equitable reported quarterly EPS of $2.13, beating the $1.86 consensus estimate, while revenue of $3.88 billion exceeded forecasts and rose 167.7% year over year.
• Analysts give EQH a consensus “Moderate Buy” rating, with an average price target of $63.33.

Vise Technologies Inc. acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 40,442 shares of the company's stock, valued at approximately $2,073,000.

A number of other hedge funds also recently made changes to their positions in EQH. BlackRock Inc. bought a new stake in Equitable during the 2nd quarter worth approximately $1,136,305,000. Canada Pension Plan Investment Board purchased a new position in Equitable during the second quarter valued at approximately $399,576,000. Wellington Management Group LLP lifted its holdings in Equitable by 6.3% during the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company's stock valued at $385,485,000 after purchasing an additional 523,638 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Equitable in the second quarter worth approximately $244,052,000. Finally, Thornburg Investment Management Inc. boosted its position in shares of Equitable by 3.0% in the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company's stock worth $225,646,000 after purchasing an additional 148,132 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EQH. Wolfe Research downgraded shares of Equitable from an "outperform" rating to a "peer perform" rating in a research report on Thursday, July 9th. Evercore reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Equitable in a report on Thursday, August 20th. Mizuho dropped their target price on shares of Equitable from $67.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, October 7th. Raymond James Financial reiterated a "strong-buy" rating and issued a $65.00 price target on shares of Equitable in a research note on Friday, October 9th. Finally, Jefferies Financial Group raised their price target on Equitable from $64.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.33.

Insider Transactions at Equitable

In related news, CAO William Eckert, IV sold 947 shares of Equitable stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.88, for a total value of $50,077.36. Following the completion of the transaction, the chief accounting officer owned 8,419 shares in the company, valued at approximately $445,196.72. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bertram Scott sold 2,780 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $54.35, for a total value of $151,093.00. Following the sale, the director directly owned 23,685 shares in the company, valued at $1,287,279.75. The trade was a 10.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,850 shares of company stock worth $1,270,055 in the last quarter. Company insiders own 1.00% of the company's stock.

Equitable Trading Down 5.7%

EQH stock opened at $52.91 on Friday. The firm has a fifty day moving average price of $53.12 and a 200 day moving average price of $46.06. Equitable Holdings, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $56.83. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.12. The firm has a market cap of $14.45 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.06.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.27. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Equitable's revenue was up 167.7% on a year-over-year basis. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.20 earnings per share for the current fiscal year.

About Equitable

Equitable Holdings, Inc NYSE: EQH is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.

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