Equitable Holdings, Inc. $EQH Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 110,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Equitable were worth $6,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of Equitable during the first quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in Equitable during the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. lifted its stake in Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares during the period. Wayfinding Financial LLC acquired a new stake in Equitable during the 1st quarter valued at approximately $80,000. Finally, Zions Bancorporation National Association UT acquired a new position in Equitable during the first quarter valued at $86,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insiders Place Their Bets

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 192,468 shares of company stock valued at $10,250,470. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EQH shares. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Evercore ISI boosted their price target on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

Equitable Stock Performance

NYSE EQH opened at $48.32 on Friday. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 38.97 and a beta of 1.10. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. 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 stock has a 50-day moving average of $52.54 and a 200 day moving average of $52.03.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable’s dividend payout ratio is presently 87.10%.

About Equitable

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.