Stephens Inc. AR Lowers Position in Equitable Holdings, Inc. (NYSE:EQH)

Stephens Inc. AR lessened its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,020 shares of the company’s stock after selling 562 shares during the period. Stephens Inc. AR’s holdings in Equitable were worth $2,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AustralianSuper Pty Ltd purchased a new stake in shares of Equitable in the third quarter worth $7,045,000. First Trust Direct Indexing L.P. raised its position in shares of Equitable by 4.5% in the third quarter. First Trust Direct Indexing L.P. now owns 12,733 shares of the company’s stock worth $535,000 after buying an additional 548 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Equitable by 0.8% in the third quarter. New York State Teachers Retirement System now owns 142,781 shares of the company’s stock worth $6,001,000 after buying an additional 1,133 shares in the last quarter. Integrated Advisors Network LLC raised its position in shares of Equitable by 5.9% in the third quarter. Integrated Advisors Network LLC now owns 30,610 shares of the company’s stock worth $1,287,000 after buying an additional 1,704 shares in the last quarter. Finally, abrdn plc raised its position in shares of Equitable by 11.4% in the third quarter. abrdn plc now owns 84,570 shares of the company’s stock worth $3,557,000 after buying an additional 8,628 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 0.5 %

Shares of NYSE:EQH opened at $45.13 on Monday. The stock’s 50-day moving average price is $42.75 and its 200-day moving average price is $41.10. Equitable Holdings, Inc. has a 12-month low of $25.42 and a 12-month high of $46.48. The stock has a market capitalization of $14.30 billion, a P/E ratio of 18.80 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06.

Insider Activity

In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,500 shares of company stock valued at $3,969,870. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EQH has been the topic of a number of research analyst reports. Barclays increased their target price on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup increased their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their target price on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Finally, Truist Financial increased their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.70.

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.