OVERSEA CHINESE BANKING Corp Ltd Has $448,000 Stake in Equitable Holdings, Inc. (NYSE:EQH)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 47.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,653 shares of the company’s stock after acquiring an additional 3,407 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Equitable were worth $448,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Covestor Ltd boosted its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in Equitable during the 1st quarter worth about $28,000. LRI Investments LLC bought a new stake in Equitable during the 1st quarter worth about $45,000. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the 3rd quarter valued at about $48,000. Finally, UMB Bank n.a. raised its stake in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after acquiring an additional 718 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Down 1.3 %

Equitable stock opened at $47.92 on Thursday. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of -43.96 and a beta of 1.40. The company’s 50 day simple moving average is $43.67 and its 200 day simple moving average is $41.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $50.51.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at approximately $5,002,342.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,166 shares of company stock worth $4,286,705 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.