Brighton Jones LLC Makes New Investment in Equitable Holdings, Inc. $EQH

Brighton Jones LLC purchased a new position in Equitable Holdings, Inc. (NYSE:EQH) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,363 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in Equitable by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,862 shares of the company’s stock valued at $1,531,000 after acquiring an additional 233 shares during the period. CX Institutional grew its position in Equitable by 30.2% during the 2nd quarter. CX Institutional now owns 1,282 shares of the company’s stock worth $56,000 after acquiring an additional 297 shares during the last quarter. HB Wealth Management LLC increased its stake in Equitable by 4.8% in the 2nd quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock worth $429,000 after purchasing an additional 444 shares during the period. State of Michigan Retirement System increased its stake in Equitable by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 72,286 shares of the company’s stock worth $2,683,000 after purchasing an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Equitable by 26.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,501 shares of the company’s stock worth $93,000 after purchasing an additional 526 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EQH shares. Evercore reissued an “outperform” rating and set a $66.00 price objective on shares of Equitable in a research note on Thursday, August 20th. Mizuho decreased their target price on shares of Equitable from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Weiss Ratings upgraded shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wells Fargo & Company increased their price target on shares of Equitable from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

Insider Activity at Equitable

In other Equitable news, Director Craig C. Mackay sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $54.27, for a total transaction of $108,540.00. Following the transaction, the director owned 16,999 shares in the company, valued at approximately $922,535.73. This represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arlene Isaacs-Lowe sold 1,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $52.83, for a total value of $52,830.00. Following the completion of the transaction, the director directly owned 19,763 shares of the company’s stock, valued at $1,044,079.29. This represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,703 shares of company stock valued at $1,106,964. 1.00% of the stock is currently owned by corporate insiders.

Equitable Stock Up 1.0%

Shares of NYSE EQH opened at $56.17 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $56.83. The firm has a market capitalization of $14.98 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06. The firm has a fifty day simple moving average of $53.65 and a two-hundred day simple moving average of $46.34.

Equitable (NYSE:EQH) last announced its earnings results on Monday, November 2nd. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.27. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 167.7% compared to the same quarter last year. Equities analysts expect that Equitable Holdings, Inc. will post 7.20 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be issued a $0.30 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.20 annualized dividend and a yield of 2.1%. Equitable’s dividend payout ratio (DPR) is 23.03%.

Equitable Company Profile

Equitable Holdings, Inc. is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions. The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.