PDS Planning Inc Has $271,000 Stock Holdings in Equitable Holdings, Inc. $EQH

PDS Planning Inc raised its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,829 shares of the company’s stock after acquiring an additional 411 shares during the quarter. PDS Planning Inc’s holdings in Equitable were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQH. Boston Partners acquired a new position in Equitable in the 1st quarter valued at approximately $108,264,000. Allspring Global Investments Holdings LLC increased its position in Equitable by 5,536.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock valued at $110,286,000 after acquiring an additional 2,071,691 shares during the period. Wellington Management Group LLP increased its position in Equitable by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after acquiring an additional 2,061,496 shares during the period. Nuveen LLC acquired a new position in Equitable in the 1st quarter valued at approximately $99,319,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Equitable by 553.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after acquiring an additional 1,834,889 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total value of $2,106,085.00. Following the transaction, the chief executive officer directly owned 703,029 shares of the company’s stock, valued at approximately $37,295,688.45. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $54.09, for a total transaction of $367,271.10. Following the completion of the transaction, the chief operating officer directly owned 88,678 shares in the company, valued at $4,796,593.02. This trade represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,468 shares of company stock valued at $10,250,470 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on EQH. Evercore ISI upped 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 Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Equitable in a research report on Saturday, September 27th. Finally, Wells Fargo & Company increased their price objective on shares of Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

Equitable Stock Down 3.2%

Shares of NYSE EQH opened at $48.32 on Monday. The firm has a market cap of $14.47 billion, a PE ratio of 38.97 and a beta of 1.10. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61. The company’s fifty day simple moving average is $52.54 and its 200 day simple moving average is $52.01. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94.

Equitable Dividend Announcement

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

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.