TD Waterhouse Canada Inc. Buys 26,433 Shares of Equitable Holdings, Inc. $EQH

TD Waterhouse Canada Inc. raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 10,573.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,683 shares of the company’s stock after acquiring an additional 26,433 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Equitable were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Equitable in the 2nd quarter worth $1,136,305,000. Canada Pension Plan Investment Board bought a new stake in Equitable during the second quarter valued at about $399,576,000. Wellington Management Group LLP boosted its position in Equitable by 6.3% during the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after purchasing an additional 523,638 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Equitable in the second quarter valued at about $244,052,000. Finally, Thornburg Investment Management Inc. grew its stake in Equitable by 3.0% in the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company’s stock valued at $225,646,000 after purchasing an additional 148,132 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Jefferies Financial Group raised their price target on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price objective on shares of Equitable in a research report on Friday, October 9th. Finally, UBS Group boosted their price objective on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.18.

Insiders Place Their Bets

In other news, Director Craig MacKay sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $54.27, for a total transaction of $108,540.00. Following the sale, the director owned 16,999 shares in the company, valued at approximately $922,535.73. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William Eckert, IV sold 947 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.88, for a total value of $50,077.36. Following the sale, the chief accounting officer owned 8,419 shares in the company, valued at $445,196.72. The trade was a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 32,816 shares of company stock valued at $1,731,591. 1.00% of the stock is currently owned by corporate insiders.

Equitable Stock Performance

Shares of EQH opened at $54.47 on Thursday. 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 firm has a market cap of $14.87 billion, a PE ratio of -16.46, a P/E/G ratio of 0.53 and a beta of 1.10. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.22. The stock has a fifty day moving average price of $52.29 and a 200-day moving average price of $47.02.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm’s revenue for the quarter was down 29.8% on a year-over-year basis. Equities research analysts predict that Equitable Holdings, Inc. will post 7.17 earnings per share for the current fiscal year.

About Equitable

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.