Equitable Holdings, Inc. $EQH Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,451 shares of the company’s stock after selling 21,990 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Equitable were worth $6,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. True Wealth Design LLC raised its position in Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares during the last quarter. Root Financial Partners LLC acquired a new position in Equitable in the third quarter valued at $36,000. Hilltop National Bank purchased a new stake in shares of Equitable in the third quarter valued at about $37,000. Geneos Wealth Management Inc. boosted its stake in shares of Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Equitable by 64.0% during the second quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after buying an additional 366 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Trading Down 0.8%

Shares of EQH stock opened at $45.66 on Wednesday. The stock has a market cap of $13.08 billion, a P/E ratio of -9.47, a P/E/G ratio of 0.35 and a beta of 1.12. The company has a quick ratio of 0.13, a current ratio of 0.10 and a debt-to-equity ratio of 16.42. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The business has a fifty day simple moving average of $47.10 and a 200-day simple moving average of $49.03.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $46.20, for a total transaction of $1,834,140.00. Following the completion of the sale, the chief executive officer directly owned 652,945 shares of the company’s stock, valued at $30,166,059. The trade was a 5.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $47.65, for a total value of $323,543.50. Following the sale, the chief operating officer directly owned 55,023 shares of the company’s stock, valued at approximately $2,621,845.95. This trade represents a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 203,770 shares of company stock worth $9,462,206 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on EQH shares. Raymond James Financial set a $60.00 price objective on Equitable in a research note on Monday, January 5th. Zacks Research lowered Equitable from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Wells Fargo & Company decreased their price target on Equitable from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Equitable in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group set a $60.00 price objective on shares of Equitable in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.42.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.