Fiera Capital Corp Acquires Shares of 532,240 Equitable Holdings, Inc. $EQH

Fiera Capital Corp bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 532,240 shares of the company’s stock, valued at approximately $29,859,000. Fiera Capital Corp owned about 0.18% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQH. Police & Firemen s Retirement System of New Jersey increased its holdings in Equitable by 3.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 89,745 shares of the company’s stock worth $5,035,000 after purchasing an additional 3,356 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Equitable by 26.4% during the second quarter. Geode Capital Management LLC now owns 7,428,619 shares of the company’s stock worth $415,786,000 after buying an additional 1,551,551 shares in the last quarter. denkapparat Operations GmbH bought a new stake in shares of Equitable in the second quarter worth $275,000. Forsta AP Fonden raised its holdings in Equitable by 18.5% in the second quarter. Forsta AP Fonden now owns 197,300 shares of the company’s stock valued at $11,069,000 after acquiring an additional 30,800 shares in the last quarter. Finally, KBC Group NV boosted its stake in Equitable by 25.0% during the 2nd quarter. KBC Group NV now owns 50,482 shares of the company’s stock valued at $2,832,000 after acquiring an additional 10,104 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EQH. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Evercore ISI upped their price objective on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wells Fargo & Company reduced their target price on Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.18.

Equitable Stock Performance

Shares of NYSE EQH opened at $45.16 on Friday. The stock has a market capitalization of $12.94 billion, a P/E ratio of -16.36 and a beta of 1.17. The firm’s 50-day moving average price is $49.93 and its two-hundred day moving average price is $51.87. Equitable Holdings, Inc. has a 52-week low of $41.39 and a 52-week high of $56.61. 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 (NYSE:EQH) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share (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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business posted $1.58 EPS. The company’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. Equitable’s payout ratio is -39.13%.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total transaction of $332,642.10. Following the completion of the transaction, the chief operating officer owned 75,098 shares in the company, valued at approximately $3,679,051.02. This represents 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 accessible through the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 140,258 shares in the company, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,168 shares of company stock worth $8,994,990 over the last ninety days. Insiders own 1.10% of the company’s stock.

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.