Equitable Holdings, Inc. $EQH Stock: Pzena Investment Management LLC Grows Holdings

Pzena Investment Management LLC increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.0% during the third quarter, Holdings Channel.com reports. The fund owned 5,618,993 shares of the company’s stock after acquiring an additional 57,189 shares during the quarter. Pzena Investment Management LLC’s holdings in Equitable were worth $288,086,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Equitable during the third quarter worth approximately $32,000. Vise Technologies Inc. acquired a new position in shares of Equitable in the 3rd quarter worth $2,073,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Equitable by 20.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 71,500 shares of the company’s stock worth $3,666,000 after purchasing an additional 12,100 shares during the period. Choreo LLC purchased a new stake in shares of Equitable during the third quarter valued at $309,000. Finally, BOKF NA lifted its holdings in shares of Equitable by 2.3% during the third quarter. BOKF NA now owns 24,553 shares of the company’s stock valued at $1,259,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Trending Headlines about Equitable

Here are the key news stories impacting Equitable this week:

• Positive Sentiment: Truist raised its price target to $65 from $60 and reiterated a Buy rating. The new target implies about 15.7% upside from the cited $56.17 share price, adding to bullish analyst sentiment. Truist raises Equitable price target
• Positive Sentiment: Equitable reported third-quarter EPS of $2.13, ahead of estimates around $1.86–$1.87, and revenue of $3.88 billion versus expectations of $3.75 billion. EPS also rose from $1.48 a year earlier, supporting the case for improving results. Equitable Q3 earnings beat
• Positive Sentiment: The Q3 earnings-call coverage pointed to growth and progress on the company’s merger plans, which may provide investors with additional strategic upside; the supplied reports do not detail the transaction’s terms or expected financial impact. Earnings call highlights

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Truist Financial lifted their target price on Equitable from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their price target on shares of Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Evercore reissued an “outperform” rating and set a $66.00 price objective on shares of Equitable in a research report on Thursday, August 20th. Finally, Wells Fargo & Company raised their price target on shares of Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.33.

Equitable Stock Performance

EQH stock opened at $56.17 on Thursday. The firm has a market cap of $15.34 billion, a PE ratio of 10.78, a P/E/G ratio of 0.54 and a beta of 1.06. The company has a current ratio of 0.12, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 1-year low of $35.19 and a 1-year high of $56.83. The business’s 50-day moving average price is $53.06 and its two-hundred day moving average price is $46.03.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 2nd. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.27. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 167.7% compared to the same quarter last year. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.16 earnings per share for the current year.

Insider Activity

In other Equitable news, Director Arlene Isaacs-Lowe sold 1,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $52.83, for a total transaction of $52,830.00. Following the sale, the director directly owned 19,763 shares of the company’s stock, valued at approximately $1,044,079.29. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig MacKay sold 2,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $54.27, for a total transaction of $108,540.00. Following the completion of the sale, the director owned 16,999 shares of the company’s stock, valued at approximately $922,535.73. This represents a 10.53% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,850 shares of company stock valued at $1,270,055. 1.00% of the stock is owned by corporate insiders.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.