QRG Capital Management Inc. Acquires 4,880 Shares of Equitable Holdings, Inc. $EQH

QRG Capital Management Inc. lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,441 shares of the company’s stock after purchasing an additional 4,880 shares during the period. QRG Capital Management Inc.’s holdings in Equitable were worth $5,242,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased 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 valued at $566,662,000 after acquiring an additional 2,061,496 shares during the period. Acadian Asset Management LLC boosted its holdings in Equitable by 4.8% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Equitable by 1.0% during 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 worth $121,553,000 after acquiring an additional 1,834,889 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $110,286,000 after acquiring an additional 2,071,691 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equitable

In other news, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at $1,348,411.86. This represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $54.09, for a total transaction of $367,271.10. Following the transaction, the chief operating officer owned 88,678 shares of the company’s stock, valued at approximately $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 192,468 shares of company stock valued at $10,250,470. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

EQH has been the topic of several recent analyst reports. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company dropped their price objective on shares of Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Equitable in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equitable has a consensus rating of “Moderate Buy” and an average target price of $64.55.

Equitable Price Performance

Shares of NYSE EQH opened at $51.15 on Monday. The company has a fifty day moving average price of $52.65 and a 200 day moving average price of $52.13. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The firm has a market cap of $15.32 billion, a PE ratio of 41.25 and a beta of 1.10.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, August 5th. 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.