FDx Advisors Inc. purchased a new position in Equitable Holdings, Inc. (NYSE:EQH – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,818 shares of the company’s stock, valued at approximately $253,000.
Several other institutional investors and hedge funds also recently modified their holdings of EQH. JPMorgan Chase & Co. grew its stake in shares of Equitable by 109.8% in the first quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company’s stock worth $7,021,000 after purchasing an additional 118,874 shares in the last quarter. Private Advisor Group LLC boosted its stake in Equitable by 35.1% during the first quarter. Private Advisor Group LLC now owns 9,261 shares of the company’s stock valued at $287,000 after buying an additional 2,405 shares in the last quarter. MetLife Investment Management LLC bought a new position in Equitable during the first quarter valued at about $216,000. Rhumbline Advisers boosted its stake in Equitable by 2.6% during the first quarter. Rhumbline Advisers now owns 309,504 shares of the company’s stock valued at $9,567,000 after buying an additional 7,745 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Equitable by 6.2% during the first quarter. Yousif Capital Management LLC now owns 10,896 shares of the company’s stock valued at $337,000 after buying an additional 640 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.
Equitable Stock Performance
Shares of EQH stock opened at $24.72 on Thursday. The stock’s 50 day simple moving average is $24.67 and its 200 day simple moving average is $28.44. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 7.27 and a beta of 1.40. Equitable Holdings, Inc. has a twelve month low of $21.89 and a twelve month high of $33.24.
Insiders Place Their Bets
In other Equitable news, CFO Robin M. Raju purchased 2,096 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $23.78 per share, with a total value of $49,842.88. Following the transaction, the chief financial officer now directly owns 96,226 shares in the company, valued at approximately $2,288,254.28. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Equitable news, Director Kristi Ann Matus sold 19,297 shares of the stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $23.34, for a total transaction of $450,391.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robin M. Raju acquired 2,096 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $23.78 per share, for a total transaction of $49,842.88. Following the acquisition, the chief financial officer now owns 96,226 shares in the company, valued at $2,288,254.28. The disclosure for this purchase can be found here. Company insiders own 1.02% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. 92 Resources reiterated a “maintains” rating on shares of Equitable in a research report on Friday, May 5th. Wells Fargo & Company decreased their price target on Equitable from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, April 5th. TheStreet lowered Equitable from a “b” rating to a “c+” rating in a research report on Wednesday, February 8th. Morgan Stanley decreased their price target on Equitable from $48.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, April 12th. Finally, Raymond James started coverage on Equitable in a research report on Wednesday, February 8th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.
Equitable Company Profile
Equitable Holdings, Inc engages in the provision of financial services. It operates through the following segment: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment includes annuity products, which primarily meet the needs of individuals saving for retirement or seeking retirement income.
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