Intech Investment Management LLC Sells 42,150 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Intech Investment Management LLC lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 42.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,326 shares of the company’s stock after selling 42,150 shares during the quarter. Intech Investment Management LLC’s holdings in Equitable were worth $2,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd boosted its position in Equitable by 3.1% during the second quarter. XTX Topco Ltd now owns 33,228 shares of the company’s stock valued at $1,358,000 after purchasing an additional 985 shares in the last quarter. Kendall Capital Management lifted its position in shares of Equitable by 3.1% during the second quarter. Kendall Capital Management now owns 112,729 shares of the company’s stock valued at $4,606,000 after buying an additional 3,434 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Equitable in the 2nd quarter valued at about $211,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Equitable by 11.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 31,404 shares of the company’s stock worth $1,283,000 after buying an additional 3,123 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQH has been the topic of several analyst reports. Barclays initiated coverage on shares of Equitable in a report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price target on the stock. UBS Group lowered Equitable from a “buy” rating to a “neutral” rating and upped their target price for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. Wells Fargo & Company lowered their price target on Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods lifted their target price 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.64.

Equitable Stock Performance

Shares of NYSE EQH opened at $42.11 on Monday. The company has a 50 day simple moving average of $40.90 and a two-hundred day simple moving average of $39.56. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 13.04 and a beta of 1.42. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $44.50.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. As a group, analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The business 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 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend 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 company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total value of $429,564.21. Following the sale, the chief operating officer now owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Jeffrey J. Hurd sold 9,969 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,469 shares of company stock worth $3,067,434. 1.10% of the stock is owned by corporate insiders.

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.