54,393 Equitable Holdings, Inc. $EQH Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 92.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,694 shares of the company’s stock after selling 54,393 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Equitable were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Equitable during the third quarter worth $32,000. Vise Technologies Inc. bought a new position in Equitable during the third quarter worth $2,073,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Equitable by 20.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 71,500 shares of the company’s stock valued at $3,666,000 after buying an additional 12,100 shares during the period. Choreo LLC acquired a new position in Equitable in the third quarter valued at $309,000. Finally, BOKF NA boosted its position in 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 acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of Equitable stock opened at $55.48 on Tuesday. The business has a 50-day simple moving average of $53.28 and a 200 day simple moving average of $46.14. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $56.83. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.12 and a quick ratio of 0.15. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.55 and a beta of 1.06.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 2nd. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.86 by $0.27. Equitable had a negative return on equity of 3,089.96% and a net margin of 11.53%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 167.7% on a year-over-year basis. On average, research analysts anticipate that Equitable Holdings, Inc. will post 7.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Equitable

In related news, Director Craig MacKay sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $54.27, for a total value of $108,540.00. Following the sale, the director owned 16,999 shares in the company, valued at $922,535.73. This represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arlene Isaacs-Lowe sold 1,000 shares of Equitable stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $52.83, for a total value of $52,830.00. Following the transaction, the director owned 19,763 shares of the company’s stock, valued at $1,044,079.29. This trade represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,703 shares of company stock valued at $1,106,964 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQH. Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Evercore restated an “outperform” rating and set a $66.00 target price on shares of Equitable in a research report on Thursday, August 20th. Mizuho decreased their target price on Equitable from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Finally, Weiss Ratings raised Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Equitable has a consensus rating of “Moderate Buy” and a consensus target price of $63.33.

About Equitable

Equitable Holdings, Inc is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions.

The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.

Equitable traces its history to the Equitable Life Assurance Society of the United States, founded in 1859.