Bank of Nova Scotia Equitable Holdings, Inc. (NYSE: EQH)

Bank of Nova Scotia in the second quarter acquired Equitable Holdings, Inc. (NYSE: EQH – RECEIVE Rating) shares by 84.9%, as per its most recent 13F filing with the SEC. The firm held 70,400 shares of the company’s stock after selling 394,749 shares during the quarter. Bank of Nova Scotia’s holdings in Equitable were worth $1,835,000 as of its most recent filing with the SEC.

Several other institutional investors also modified their holdings of EQH. DB Wealth Management Group LLC purchased a new stake in shares of Equitable valued at approximately $26,000 during the first quarter. Fifth Third Bancorp increased its position in Equitable by 1,608.8% during the second quarter. Fifth Third Bancorp now owns 1,743 shares of the company’s stock worth $45,000 after acquiring an additional 1,641 shares in the last quarter. Quant Capital LLC increased its position in Equitable by 32.2% during the first quarter. Quent Capital LLC now owns 2,399 shares of the company valued at $74,000, after acquiring an additional 584 shares in the last quarter. Van ECK Associates Corp increased its position in Equitable by 44.7% during the first quarter. Van ECK Associates Corp now holds 4,804 shares of the company worth $148,000 after acquiring an additional 1,484 shares in the last quarter. Finally, AIA Group Ltd increased its position in Equitable by 32.7% during the first quarter. AIA Group Ltd now holds 4,931 shares of the company valued at $152,000 after acquiring additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts set new price targets

Several research firms have recently commented on EQH. Barclays raised its price target on Equitable from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18. Truest Financial cut its price target on Equitable from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19. Morgan Stanley raised its price target on Equitable from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17. Wells Fargo & Company cut their target price from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12. Finally, Citigroup raised its target price on Equitable from $37.00 to $38.00 in a research report on Wednesday. Ten equity research analysts have Buy rating on the stock and one has issued Strong Buy rating on the stock. Equitable has a consensus rating of “Buy” and a consensus target price of $40.56, according to MarketBeat.

Equitable Trading down 0.8%

Want more great investment ideas?

Shares of NYSE EQH opened Friday at $30.38. Equitable Holdings, Inc. The 12-month low is $24.61 and the 12-month high is $37.13. The company has a market capitalization of $11.24 billion, price-to-earnings ratio of 4.25 and beta of 1.44. The trade has a 50-day simple moving average at $29.01 and a 200-day simple moving average at $28.52.

Equitable (NYSE: EQH – GET Rating) last issued its quarterly earnings results on Wednesday, November 2. The company reported earnings per share of $1.28 for the quarter, beating analysts’ consensus estimates of $1.13 by $0.15. The firm’s revenue during the quarter was $3.46 billion, compared to consensus estimates of $3.21 billion. As a group, equity analysts estimate Equitable Holdings, Inc. will post $5.27 earnings per share for the current year.

indoor activity

In other news, director Bertram L. Scott sold 7,300 shares of the business’s stock in a transaction that occurred on Thursday, September 8. The stock was sold at an average price of $29.87 for a total value of $218,051.00. Following completion of the sale, the director now directly owns 21,429 shares in the company, valued at approximately $640,084.23. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available via this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Thursday, October 27. The stock was sold at an average price of $30.05 for total transactions of $901,500.00. Following the completion of the transaction, the CEO now directly owns 435,307 shares in the company, valued at approximately $13,080,975.35. The sale was disclosed in a document filed with the SEC, which is available via this link. In addition, director Bertram L. Scott sold 7,300 shares of the company’s stock in one transaction on Thursday, September 8. The stock was sold at an average price of $29.87 for a total value of $218,051.00. Following the transaction, the director now owns 21,429 shares of the company’s stock, valued at $640,084.23. Disclosure of this sale can be found here. Over the past ninety days, insiders sold 97,300 shares of company stock valued at $2,925,851. 0.98% of the stock is currently owned by insiders.

Equitable Company Profile

(get rating)

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management & Research, and Security Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily for affluent and high net worth individuals.

Featured Stories

Institutional Ownership by Quarter for Equitable (NYSE: EQH)

Receive news and ratings for Equitable Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Equitable and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.

Then We Knew It Was on..” – Roman Reigns Shark Tank Keto Gummies Scam Alert? McDonald’s Halloween Buckets Could Be Back How to Watch Spacecraft Collide With Deep Space Asteroid Grand Theft Auto VI footage leaked after the hack Floyd Mayweather Jr boxer knocks out Mikuru Asakura martial artist