Los Angeles Capital Management LLC Cuts Position in Equitable Holdings, Inc. $EQH

Los Angeles Capital Management LLC reduced its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4.2% in the second quarter, HoldingsChannel reports. The firm owned 1,059,919 shares of the company’s stock after selling 46,099 shares during the period. Los Angeles Capital Management LLC’s holdings in Equitable were worth $59,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BSW Wealth Partners increased its position in shares of Equitable by 5.9% in the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock valued at $239,000 after acquiring an additional 238 shares during the period. UMB Bank n.a. increased its holdings in shares of Equitable by 6.6% in the second quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock valued at $253,000 after purchasing an additional 281 shares during the period. Ellevest Inc. increased its holdings in shares of Equitable by 4.2% in the second quarter. Ellevest Inc. now owns 9,793 shares of the company’s stock valued at $549,000 after purchasing an additional 397 shares during the period. PDS Planning Inc raised its stake in shares of Equitable by 9.3% in the second quarter. PDS Planning Inc now owns 4,829 shares of the company’s stock worth $271,000 after purchasing an additional 411 shares during the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of Equitable by 6.6% during the first quarter. Ascent Group LLC now owns 6,874 shares of the company’s stock worth $358,000 after purchasing an additional 424 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE EQH opened at $45.28 on Friday. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of -16.41 and a beta of 1.17. The stock has a 50-day moving average of $50.58 and a 200 day moving average of $51.99. The company has a current ratio of 0.10, a quick ratio of 0.14 and a debt-to-equity ratio of 11.87. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.11). The business had revenue of $1.45 billion during 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 revenue for the quarter was down 52.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Insider Activity at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. The trade was a 20.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the transaction, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 178,958 shares of company stock worth $9,362,262 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EQH has been the topic of several research reports. Morgan Stanley cut their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Equitable in a report on Tuesday, October 14th. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Wall Street Zen raised Equitable from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.18.

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.