11,264 Equitable Holdings, Inc. $EQH Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,905 shares of the company’s stock after selling 11,264 shares during the period. Yousif Capital Management LLC’s holdings in Equitable were worth $3,584,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. MBL Wealth LLC bought a new stake in Equitable during the third quarter valued at about $240,000. Root Financial Partners LLC bought a new position in shares of Equitable in the third quarter worth about $34,000. Axxcess Wealth Management LLC purchased a new stake in shares of Equitable during the third quarter worth about $256,000. Pinnacle Associates Ltd. grew its position in shares of Equitable by 13.4% during the third quarter. Pinnacle Associates Ltd. now owns 45,595 shares of the company’s stock worth $2,338,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Equitable by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 29,862 shares of the company’s stock worth $1,531,000 after purchasing an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 1.6%

Shares of EQH stock opened at $53.58 on Tuesday. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.22. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The stock’s 50-day moving average price is $52.34 and its 200-day moving average price is $45.78. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of -16.19, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.84 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was down 29.8% on a year-over-year basis. Equities research analysts predict that Equitable Holdings, Inc. will post 7.17 EPS for the current fiscal year.

Insider Activity at Equitable

In other news, Director Charles Stonehill sold 7,500 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $51.54, for a total value of $386,550.00. Following the sale, the director owned 34,357 shares of the company’s stock, valued at approximately $1,770,759.78. This represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig C. Mackay sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total transaction of $113,014.00. Following the completion of the sale, the director owned 18,999 shares of the company’s stock, valued at $975,978.63. This trade represents a 10.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,816 shares of company stock valued at $1,731,591 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. UBS Group increased their price objective on shares of Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Wells Fargo & Company increased their price objective on shares of Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Mizuho reduced their price objective on shares of Equitable from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Finally, Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.18.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.