Forsta AP Fonden lowered its position in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 55.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,400 shares of the company’s stock after selling 61,000 shares during the quarter. Forsta AP Fonden’s holdings in Equitable were worth $2,018,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Equitable during the 4th quarter worth $606,630,000. Hsbc Holdings PLC increased its position in Equitable by 1,161.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after purchasing an additional 7,227,568 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Northern Trust Corp lifted its position in shares of Equitable by 24.6% in the 4th quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock worth $131,815,000 after purchasing an additional 781,426 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.
Equitable Trading Up 1.6 %
Shares of Equitable stock opened at $40.78 on Tuesday. Equitable Holdings, Inc. has a 12-month low of $24.65 and a 12-month high of $44.50. The firm’s 50 day simple moving average is $40.88 and its two-hundred day simple moving average is $39.28. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 12.63 and a beta of 1.42.
Equitable Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is 29.72%.
Insider Activity at Equitable
In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the completion of the transaction, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at approximately $4,806,775.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the sale, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
EQH has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Citigroup raised their price objective on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group boosted their target price on shares of Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, June 28th. UBS Group cut shares of Equitable from a “buy” rating to a “neutral” rating and raised their price target for the company from $40.00 to $43.00 in a report on Tuesday, June 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.64.
Get Our Latest Stock Analysis on Equitable
Equitable 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.
Read More
- Five stocks we like better than Equitable
- What are earnings reports?
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- Using the MarketBeat Dividend Yield Calculator
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- 5 Oversold Stocks to Buy Right Now
Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQH – Free Report).
Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.