Eleva Capital SAS Makes New $825,000 Investment in Equitable Holdings, Inc. $EQH

Eleva Capital SAS acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,097 shares of the company’s stock, valued at approximately $825,000. Equitable makes up 0.7% of Eleva Capital SAS’s portfolio, making the stock its 26th largest holding.

Other large investors have also modified their holdings of the company. Tidal Investments LLC raised its stake in Equitable by 2.3% during the second quarter. Tidal Investments LLC now owns 31,661 shares of the company’s stock valued at $1,389,000 after buying an additional 709 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Equitable by 91.6% in the 2nd quarter. Squarepoint Ops LLC now owns 205,053 shares of the company’s stock valued at $8,998,000 after acquiring an additional 98,023 shares during the last quarter. Nykredit A S bought a new stake in shares of Equitable in the 2nd quarter valued at approximately $376,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Equitable during the 2nd quarter valued at approximately $2,606,000. Finally, Wedmont Private Capital bought a new position in Equitable during the second quarter worth $217,000. Institutional investors own 92.70% of the company’s stock.

Equitable Price Performance

Equitable stock traded up $0.38 during midday trading on Tuesday, hitting $54.38. The company’s stock had a trading volume of 687,631 shares, compared to its average volume of 3,553,058. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.23. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75. The company has a market capitalization of $14.85 billion, a PE ratio of -16.43, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The stock’s 50-day moving average price is $51.48 and its 200-day moving average price is $45.65.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share (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 business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company’s quarterly revenue was down 29.8% on a year-over-year basis. Analysts anticipate that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Analyst Ratings Changes

EQH has been the subject of several recent research reports. Evercore reiterated an “outperform” rating and set a $66.00 target price on shares of Equitable in a research note on Thursday, August 20th. Weiss Ratings downgraded shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Barclays raised their target price on shares of Equitable from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Zacks Research upgraded Equitable from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods upped their target price on Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $61.82.

Insider Transactions at Equitable

In other news, Director Bertram L. Scott sold 2,780 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $54.35, for a total value of $151,093.00. Following the completion of the sale, the director directly owned 23,685 shares in the company, valued at approximately $1,287,279.75. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Stonehill sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $51.54, for a total transaction of $386,550.00. Following the sale, the director owned 34,357 shares of the company’s stock, valued at $1,770,759.78. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 72,516 shares of company stock valued at $3,658,629. Corporate insiders own 1.00% of the company’s stock.

Equitable Company Profile

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.