7,740 Shares in Equitable Holdings, Inc. $EQH Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,740 shares of the company’s stock, valued at approximately $434,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Equitable by 4.8% during the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company’s stock worth $301,536,000 after purchasing an additional 265,759 shares during the last quarter. Nordea Investment Management AB lifted its stake in Equitable by 18.3% during the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock worth $223,168,000 after purchasing an additional 615,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Equitable by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,584,190 shares of the company’s stock valued at $134,610,000 after buying an additional 25,951 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after buying an additional 1,834,889 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQH shares. Barclays reiterated an “overweight” rating and issued a $63.00 target price on shares of Equitable in a research note on Wednesday, October 8th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company raised their target price on Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the sale, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 140,258 shares in the company, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,258 shares of company stock valued at $7,449,913 in the last ninety days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Shares of NYSE EQH opened at $47.43 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The firm’s 50-day simple moving average is $52.27 and its 200 day simple moving average is $51.88. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. The stock has a market cap of $14.21 billion, a P/E ratio of 38.25 and a beta of 1.10.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.3%. Equitable’s payout ratio is 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.