The Vanguard Group, Inc. has recently announced that it has increased stake in Equitable Holdings Inc (NYSE:EQH) by 1.10%. After grabbing 36.68 million shares, the institutional investor is now in possession of 0.4 million shares of the Financial Company. The new investment brought the stake of investor firm to 10.84% having worth around $1.13 billion. Moreover, Pzena Investment Management LLC increased its share by 2.45 million to have a control over 26.9 million shares. And Massachusetts Financial Services raised its holdings to 16022.0 shares by acquiring 9.71 million shares or 2.87% of the stake.
Equitable Holdings Inc (EQH) concluded trading on 01/04/24 at a closing price of $32.57, with 2.94 million shares of worth about $95.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.26% during that period and on Thursday the price saw a gain of about 0.43%. Currently the company’s common shares owned by public are about 365.08M shares, out of which, 337.00M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 695,455 shares in 40 of the transactions. In 23 selling transactions, insiders dumped 346,887 shares.
Government Pension Fund – Global, Canada Pension Plan, and Vanguard Windsor Funds – Vanguard are the top 3 mutual funds which are holding stakes in Equitable Holdings Inc Government Pension Fund – Global is currently holding 19.2 million shares of worth totaling $589.22 million. The company recently came selling -4.31 million shares which brought its stake up to 5.67% of the company’s outstanding shares. Canada Pension Plan sold 46000.0 shares, after which its hold over company’s outstanding shares shrunk to 5.37%, leaving 18.17 million shares with the mutual fund that have a worth of about $557.55 million. Vanguard Windsor Funds – Vanguard, after selling 13.58 million shares, have now control over 4.01% of the stake in the company. It holds 82641.0 shares of worth $416.69 million.
Equitable Holdings Inc (NYSE: EQH) started trading at $32.46, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 33.01, or with a gain of 0.43%. Stock saw a price change of -2.46% in past 5 days and over the past one month there was a price change of 0.99%. Year-to-date (YTD), EQH shares are showing a performance of -2.19% which increased to 13.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.89 but also hit the highest price of $34.80 during that period. The average intraday trading volume for Equitable Holdings Inc shares is 3.82 million. The stock is currently trading -1.58% below its 20-day simple moving average (SMA20), while that difference is up 8.84% for SMA50 and it goes to 18.41% higher than SMA200.
The Vanguard Group, Inc. acquired 36.68 million shares of Equitable Holdings Inc having value of about $1.13 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.4 million shares in the company valued at close to $12993801.5, or have control over 1.10% stake in the company. Equitable Holdings Inc (NYSE: EQH) currently have 365.08M outstanding shares and institutions hold larger chunk of about 101.33% of that. Holding of mutual funds in the company is about 35.90% while other institutional holders and individual stake holders have control over 66.04% and 0.52% of the stake respectively.
The stock has a current market capitalization of $11.02B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 9.83, while it has posted earnings per share of $3.31 in the same period. Its PEG reads 0.52 while making debt-to-equity ratio of 2.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQH, volatility over the week remained 1.57% while standing at 1.80% over the month.
Analysts are in expectations that Equitable Holdings Inc (EQH) stock would likely to be making an EPS of $1.3 in the current quarter, while forecast for next quarter EPS is $1.4 and it is $6.03 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.23 which is $1.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.81% while it is estimated to increase by 31.83% in next year. EPS is likely to shrink at an annualized rate of 19.00% for next 5-years, compared to annual growth of 24.73% made by the stock over the past 5-years.
Analysts at 13 brokerage firms have issued recommendations for the Equitable Holdings Inc (EQH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.69. Out of those 13 Wall Street analysts, 8 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on January 03, 2024 offering a Neutral rating for the stock and assigned a target price range of between $35 and $36 to it.
