Caitlin John LLC Makes New $357,000 Investment in Equitable Holdings, Inc. $EQH

Caitlin John LLC acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,356 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in shares of Equitable by 0.3% in the first quarter. QRG Capital Management Inc. now owns 88,561 shares of the company’s stock valued at $4,613,000 after purchasing an additional 260 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Equitable by 6.6% in the second quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock valued at $253,000 after purchasing an additional 281 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Equitable by 6.2% in the first quarter. Fifth Third Bancorp now owns 5,145 shares of the company’s stock valued at $268,000 after purchasing an additional 299 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of Equitable by 5.3% in the first quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock valued at $316,000 after purchasing an additional 319 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Equitable by 8.4% in the first quarter. Wedmont Private Capital now owns 4,539 shares of the company’s stock valued at $236,000 after purchasing an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on shares of Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. UBS Group reduced their price target on shares of Equitable from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $64.55.

Equitable Trading Down 0.3%

Shares of Equitable stock opened at $54.26 on Monday. Equitable Holdings, Inc. has a 12-month low of $40.81 and a 12-month high of $56.61. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 43.76 and a beta of 1.16. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The company’s 50-day moving average price is $52.77 and its 200-day moving average price is $52.08.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable’s dividend payout ratio is presently 87.10%.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $53.69, for a total value of $364,555.10. Following the sale, the chief operating officer directly owned 81,888 shares of the company’s stock, valued at approximately $4,396,566.72. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,551 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $54.22, for a total transaction of $2,144,455.22. Following the completion of the sale, the chief executive officer directly owned 690,678 shares in the company, valued at approximately $37,448,561.16. The trade was a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,580 shares of company stock valued at $8,258,518. 1.10% of the stock is currently owned by corporate insiders.

Equitable Company Profile

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.