Eleva Capital SAS Acquires 16,097 Shares of Equitable Holdings, Inc. $EQH

Eleva Capital SAS acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,097 shares of the company’s stock, valued at approximately $825,000. Equitable comprises approximately 0.7% of Eleva Capital SAS’s portfolio, making the stock its 26th largest position.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Equitable during the second quarter worth about $1,136,305,000. Capital International Investors grew its stake in Equitable by 23.0% in the 4th quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock worth $645,449,000 after acquiring an additional 2,532,791 shares during the period. Canada Pension Plan Investment Board acquired a new position in Equitable in the 2nd quarter valued at $399,576,000. Wellington Management Group LLP raised its holdings in Equitable by 6.3% in the 2nd quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after acquiring an additional 523,638 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of Equitable during the second quarter worth $244,052,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equitable

In other news, Director Arlene Isaacs-Lowe sold 1,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $52.83, for a total value of $52,830.00. Following the completion of the transaction, the director directly owned 19,763 shares in the company, valued at approximately $1,044,079.29. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 14,923 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $53.24, for a total transaction of $794,500.52. Following the sale, the insider directly owned 110,007 shares of the company’s stock, valued at approximately $5,856,772.68. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 72,516 shares of company stock valued at $3,658,629. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EQH. Wolfe Research downgraded shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Mizuho set a $68.00 price target on shares of Equitable in a report on Thursday, August 6th. Finally, Barclays boosted their price objective on shares of Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $61.82.

Equitable Stock Up 0.7%

Shares of NYSE:EQH traded up $0.38 during midday trading on Tuesday, hitting $54.38. 687,631 shares of the company’s stock traded hands, compared to its average volume of 3,553,058. The firm’s fifty day moving average price is $51.48 and its two-hundred day moving average price is $45.65. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a twelve month low of $35.19 and a twelve month high of $55.23. The company has a market cap of $14.85 billion, a PE ratio of -16.43, a P/E/G ratio of 0.52 and a beta of 1.10.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue was down 29.8% compared to the same quarter last year. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.18 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.2%. Equitable’s dividend payout ratio (DPR) is -36.25%.

About Equitable

Equitable Holdings, Inc is a financial services company that provides retirement, protection and investment management solutions to individuals, businesses and institutions. Its businesses operate primarily in the United States and serve clients through financial professionals, employer-sponsored retirement plans and institutional relationships.

Through its Equitable business, the company offers life insurance, annuities, individual retirement products and employee benefits. Its offerings are designed to help customers accumulate and protect assets, generate retirement income and address long-term financial planning needs.