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

Dynamic Technology Lab Private Ltd increased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 335.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,766 shares of the company’s stock after purchasing an additional 38,342 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Equitable were worth $2,092,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EQH. Covestor Ltd boosted its holdings in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares in the last quarter. &PARTNERS grew its holdings in Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock worth $1,403,000 after purchasing an additional 254 shares during the last quarter. iA Global Asset Management Inc. increased its position in shares of Equitable by 4.8% during the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock worth $233,000 after purchasing an additional 280 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after purchasing an additional 332 shares during the last quarter. Finally, Capital Insight Partners LLC grew its stake in Equitable by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock worth $720,000 after buying an additional 440 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,166 shares of company stock valued at $5,709,605. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQH shares. Wells Fargo & Company increased their price target on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Barclays boosted their price objective 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, 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Price Performance

Shares of EQH opened at $47.62 on Monday. The business’s 50-day moving average is $44.72 and its two-hundred day moving average is $42.15. Equitable Holdings, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 of this dividend is Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

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.