Equitable Holdings, Inc. (NYSE:EQH) is Poplar Forest Capital LLC’s 2nd Largest Position

Poplar Forest Capital LLC decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 913,944 shares of the company’s stock after selling 5,272 shares during the quarter. Equitable comprises 5.2% of Poplar Forest Capital LLC’s holdings, making the stock its 2nd biggest position. Poplar Forest Capital LLC’s holdings in Equitable were worth $38,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC increased its stake in Equitable by 60.9% during the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after purchasing an additional 38,040 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Equitable in the second quarter worth $831,000. TCW Group Inc. increased its stake in shares of Equitable by 94.6% in the second quarter. TCW Group Inc. now owns 134,215 shares of the company’s stock worth $5,484,000 after acquiring an additional 65,232 shares during the period. Maverick Capital Ltd. increased its stake in shares of Equitable by 230.0% in the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock worth $1,505,000 after acquiring an additional 25,678 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Equitable by 55.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after acquiring an additional 22,346 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares of the company’s stock, valued at approximately $29,239,842. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares of the company’s stock, valued at approximately $29,239,842. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,500 shares of company stock valued at $3,969,870. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EQH. Morgan Stanley cut their price objective 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. Wells Fargo & Company increased their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays increased their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Truist Financial increased their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup increased their price target on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Up 13.3 %

EQH opened at $50.40 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51. The firm’s fifty day simple moving average is $43.03 and its two-hundred day simple moving average is $41.32.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 85.96%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. As a group, research analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

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.