Equitable Holdings, Inc. $EQH Holdings Cut by Stephens Inc. AR

Stephens Inc. AR lowered its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 1.3% during the second quarter, HoldingsChannel.com reports. The fund owned 66,292 shares of the company’s stock after selling 845 shares during the period. Stephens Inc. AR’s holdings in Equitable were worth $3,719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after acquiring an additional 2,061,496 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Equitable by 4.8% in the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company’s stock valued at $301,536,000 after purchasing an additional 265,759 shares during the period. Nordea Investment Management AB increased its stake in shares of Equitable by 18.3% in the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock valued at $223,168,000 after purchasing an additional 615,314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 purchasing an additional 25,951 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of 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 purchasing an additional 1,834,889 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EQH. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Morgan Stanley dropped their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Evercore ISI raised their price target on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.45.

Insider Buying and Selling at Equitable

In other Equitable news, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares in the company, valued at approximately $7,573,932. The trade was a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director owned 26,001 shares in the company, valued at approximately $1,348,411.86. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,958 shares of company stock worth $9,362,262. 1.10% of the stock is owned by corporate insiders.

Equitable Price Performance

NYSE EQH opened at $48.34 on Wednesday. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $14.48 billion, a PE ratio of 38.98 and a beta of 1.10. The company’s 50 day simple moving average is $52.04 and its 200 day simple moving average is $51.87.

Equitable Dividend Announcement

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 2.2%. 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.