Boston Partners Acquires 1,486,286 Shares of Equitable Holdings, Inc. $EQH

Boston Partners raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 71.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,565,147 shares of the company's stock after purchasing an additional 1,486,286 shares during the period. Boston Partners owned 1.18% of Equitable worth $199,958,000 at the end of the most recent quarter.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of Equitable in the first quarter valued at about $27,000. True Wealth Design LLC boosted its holdings in Equitable by 592.6% in the second quarter. True Wealth Design LLC now owns 561 shares of the company's stock valued at $31,000 after acquiring an additional 480 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Equitable during the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its holdings in Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock worth $46,000 after purchasing an additional 424 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Equitable in the 2nd quarter worth approximately $73,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EQH. Wells Fargo & Company decreased their price objective on shares of Equitable from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Friday, November 7th. Wall Street Zen downgraded Equitable from a "hold" rating to a "sell" rating in a report on Sunday, November 16th. Evercore ISI boosted 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. Weiss Ratings restated a "hold (c-)" rating on shares of Equitable in a research report on Monday. Finally, Wolfe Research raised Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Equitable currently has an average rating of "Moderate Buy" and an average price target of $64.18.

Check Out Our Latest Report on EQH

Equitable Price Performance

EQH stock opened at $46.84 on Thursday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. The company's 50-day moving average is $48.38 and its 200-day moving average is $51.52. The stock has a market capitalization of $13.42 billion, a PE ratio of -16.97 and a beta of 1.17. Equitable Holdings, Inc. has a 1 year low of $41.39 and a 1 year high of $56.61.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.11). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business's quarterly revenue was down 52.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, November 24th. Equitable's dividend payout ratio (DPR) is currently -39.13%.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the business's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $43.28, for a total transaction of $293,871.20. Following the completion of the sale, the chief operating officer directly owned 68,308 shares of the company's stock, valued at $2,956,370.24. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robin M. Raju sold 36,888 shares of the company's 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 owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 176,358 shares of company stock worth $8,760,599. 1.10% of the stock is owned by corporate insiders.

Equitable Company 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.

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