Equitable Holdings, Inc. $EQH Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 49.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,979 shares of the company’s stock after selling 10,546 shares during the period. Metis Global Partners LLC’s holdings in Equitable were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EQH. Envestnet Asset Management Inc. raised its stake in shares of Equitable by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 257,526 shares of the company’s stock worth $13,415,000 after buying an additional 69,011 shares during the last quarter. Cerity Partners LLC grew its holdings in Equitable by 72.5% in the 1st quarter. Cerity Partners LLC now owns 39,469 shares of the company’s stock valued at $2,056,000 after buying an additional 16,587 shares during the period. CWM LLC increased its position in Equitable by 114.3% during the first quarter. CWM LLC now owns 18,628 shares of the company’s stock worth $970,000 after purchasing an additional 9,936 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Equitable by 295.1% in the 1st quarter. Edgestream Partners L.P. now owns 91,731 shares of the company’s stock worth $4,778,000 after buying an additional 68,513 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Equitable by 65.3% in the 1st quarter. Victory Capital Management Inc. now owns 419,903 shares of the company’s stock valued at $21,873,000 after purchasing an additional 165,922 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other news, CFO Robin M. Raju sold 36,888 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $48.17, for a total transaction of $1,912,349.00. Following the sale, the chief executive officer directly owned 689,040 shares of the company’s stock, valued at approximately $33,191,056.80. This trade represents a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 178,958 shares of company stock valued at $9,362,262. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Up 1.4%

Shares of Equitable stock opened at $45.51 on Thursday. The stock has a market capitalization of $13.04 billion, a P/E ratio of -16.49 and a beta of 1.17. The company has a quick ratio of 0.14, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61. The company has a 50-day simple moving average of $50.11 and a 200 day simple moving average of $51.92.

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

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 24th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 24th. Equitable’s dividend payout ratio is -39.13%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Morgan Stanley dropped their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Evercore ISI increased their price target on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen raised Equitable from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus price target of $64.18.

About Equitable

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.