Dynamic Technology Lab Private Ltd Boosts Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Dynamic Technology Lab Private Ltd raised its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 335.6% in the third quarter, Holdings Channel.com reports. The fund owned 49,766 shares of the company’s stock after acquiring an additional 38,342 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Equitable were worth $2,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after buying an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Equitable during the 2nd quarter worth approximately $110,176,000. Samlyn Capital LLC purchased a new stake in shares of Equitable in the second quarter valued at approximately $63,334,000. Principal Financial Group Inc. increased its holdings in shares of Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares during the last quarter. Finally, Swedbank AB acquired a new position in Equitable during the first quarter worth $27,237,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.70.

Equitable Price Performance

Shares of Equitable stock opened at $47.62 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The business has a 50-day moving average of $44.72 and a 200 day moving average of $42.15. Equitable Holdings, Inc. has a 12 month low of $28.86 and a 12 month high of $50.51.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, November 26th. Equitable’s payout ratio is currently -88.07%.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction 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 approximately $27,263,672.90. This represents a 4.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,166 shares of company stock valued at $5,709,605 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.