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

Yousif Capital Management LLC reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 13.9% during the 3rd quarter, HoldingsChannel reports. 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 and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC grew its position in shares of Equitable by 64.1% during the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after buying an additional 347 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Equitable in the second quarter valued at about $33,000. Essential Partners LLC raised its holdings in shares of Equitable by 245.2% in the first quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock valued at $40,000 after acquiring an additional 770 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Equitable in the second quarter valued at about $55,000. Finally, CX Institutional lifted its stake in Equitable by 30.2% in the second quarter. CX Institutional now owns 1,282 shares of the company’s stock worth $56,000 after acquiring an additional 297 shares during the period. 92.70% of the stock is owned by institutional investors.

Equitable Stock Up 1.6%

Shares of NYSE EQH opened at $53.58 on Tuesday. 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 has a market capitalization of $14.63 billion, a PE ratio of -16.19, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The stock’s fifty day simple moving average is $52.34 and its two-hundred day simple moving average is $45.78. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.22.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share 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 firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the business posted $1.10 EPS. The firm’s quarterly revenue was down 29.8% on a year-over-year basis. As a group, analysts expect that Equitable Holdings, Inc. will post 7.17 EPS for the current fiscal year.

Analysts Set New Price Targets

EQH has been the topic of several recent research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 target price on shares of Equitable in a report on Friday, October 9th. Mizuho cut their target price 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. Barclays boosted their price target on shares of Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Jefferies Financial Group upped their price target on shares of Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings raised shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.18.

Insider Buying and Selling

In other Equitable news, Director Arlene Isaacs-Lowe sold 1,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $52.83, for a total transaction of $52,830.00. Following the completion of the sale, the director directly owned 19,763 shares of the company’s stock, valued at approximately $1,044,079.29. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig C. Mackay sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were 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 in the company, valued at $975,978.63. This represents a 10.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have 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.

Equitable Company Profile

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.