Ashton Thomas Private Wealth LLC Sells 10,370 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Ashton Thomas Private Wealth LLC lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,702 shares of the company’s stock after selling 10,370 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Equitable were worth $2,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in Equitable by 3.5% in the first quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock worth $714,766,000 after purchasing an additional 637,916 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after purchasing an additional 539,904 shares in the last quarter. Acadian Asset Management LLC grew its stake in Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Equitable during the 2nd quarter valued at $110,176,000. Finally, Principal Financial Group Inc. boosted its position in Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after acquiring an additional 721,028 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQH. Truist Financial increased their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Barclays increased their target price on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Citigroup increased their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Friday, November 8th. The shares were 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 $5,002,342.38. The trade was 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 in the last 90 days. Insiders own 1.10% of the company’s stock.

Equitable Trading Down 1.3 %

Shares of EQH opened at $48.55 on Wednesday. Equitable Holdings, Inc. has a 12 month low of $26.31 and a 12 month high of $50.51. The stock has a fifty day moving average price of $43.53 and a 200-day moving average price of $41.66. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. On average, research analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

About Equitable

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.