Vise Technologies Inc. Buys New Shares in Equitable Holdings, Inc. $EQH

Vise Technologies Inc. purchased a new position in Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,604 shares of the company’s stock, valued at approximately $1,885,000.

Several other institutional investors also recently modified their holdings of the stock. Boston Partners bought a new stake in shares of Equitable during the 1st quarter worth $108,264,000. Wellington Management Group LLP lifted its holdings in shares of Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Equitable during the first quarter valued at $99,319,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Equitable by 553.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after purchasing an additional 1,834,889 shares during the period. Finally, AQR Capital Management LLC increased its stake in Equitable by 85.4% in the 1st quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company’s stock worth $96,981,000 after purchasing an additional 879,813 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the sale, the chief operating officer directly owned 75,098 shares in the company, valued at $3,679,051.02. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares in the company, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 178,958 shares of company stock worth $9,362,262 in the last ninety days. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of NYSE EQH opened at $44.89 on Wednesday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.14. 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 $50.25 and its two-hundred day moving average price is $51.97. The company has a market capitalization of $12.86 billion, a P/E ratio of -16.26 and a beta of 1.17.

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

Analysts Set New Price Targets

A number of research firms have commented on EQH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Equitable from a “sell” rating to a “hold” rating in a report on Saturday. Barclays reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Equitable in a research note on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company decreased their target price on Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

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.