Mutual of America Capital Management LLC Has $8.48 Million Holdings in Equitable Holdings, Inc. $EQH

Mutual of America Capital Management LLC cut its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,129 shares of the company’s stock after selling 8,373 shares during the period. Mutual of America Capital Management LLC’s holdings in Equitable were worth $8,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. BSW Wealth Partners raised its holdings in shares of Equitable by 5.9% in the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock worth $239,000 after buying an additional 238 shares in the last quarter. UMB Bank n.a. grew its position in Equitable by 6.6% during the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock worth $253,000 after acquiring an additional 281 shares during the last quarter. Mutual Advisors LLC grew its position in Equitable by 5.3% during the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock worth $316,000 after acquiring an additional 319 shares during the last quarter. PDS Planning Inc grew its position in Equitable by 9.3% during the 2nd quarter. PDS Planning Inc now owns 4,829 shares of the company’s stock worth $271,000 after acquiring an additional 411 shares during the last quarter. Finally, Ascent Group LLC grew its position in Equitable by 6.6% during the 1st quarter. Ascent Group LLC now owns 6,874 shares of the company’s stock worth $358,000 after acquiring an additional 424 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Up 1.3%

Shares of EQH opened at $48.05 on Tuesday. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 38.75 and a beta of 1.10. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The business’s fifty day moving average price is $52.17 and its two-hundred day moving average price is $51.90. Equitable Holdings, Inc. has a 52 week low of $41.39 and a 52 week high of $56.61.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Equitable’s dividend payout ratio is 87.10%.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price target on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Barclays restated an “overweight” rating and set a $63.00 price target on shares of Equitable in a research report on Wednesday, October 8th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research report on Tuesday, October 14th. One 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $48.99, for a total value of $332,642.10. Following the transaction, the chief operating officer owned 75,098 shares of the company’s stock, valued at $3,679,051.02. This represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the transaction, the director directly 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 quarter, insiders sold 139,258 shares of company stock worth $7,449,913. Company insiders own 1.10% of the company’s stock.

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.