Equitable Holdings, Inc. $EQH Stake Cut by Mutual Advisors LLC

Mutual Advisors LLC reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 17.8% in the 2nd quarter, Holdings Channel reports. The fund owned 5,233 shares of the company’s stock after selling 1,134 shares during the period. Mutual Advisors LLC’s holdings in Equitable were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Equitable in the 1st quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in Equitable in the 1st quarter worth about $33,000. Geneos Wealth Management Inc. lifted its stake in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after acquiring an additional 424 shares in the last quarter. BankPlus Trust Department purchased a new stake in Equitable in the 2nd quarter worth about $75,000. Finally, Wayfinding Financial LLC purchased a new stake in Equitable in the 1st quarter worth about $80,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price target on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Evercore ISI raised their price target on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley cut their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.45.

Equitable Stock Performance

Shares of NYSE EQH opened at $48.34 on Wednesday. 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 firm has a market cap of $14.48 billion, a price-to-earnings ratio of 38.98 and a beta of 1.10. The business’s 50-day simple moving average is $52.04 and its 200-day simple moving average is $51.87. Equitable Holdings, Inc. has a 52 week low of $41.39 and a 52 week high of $56.61.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.27 per share. 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 currently 87.10%.

Insider Buying and Selling

In other news, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the sale, the chief operating officer directly owned 75,098 shares in the company, valued at $3,679,051.02. This trade represents a 8.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,958 shares of company stock worth $9,362,262. Insiders own 1.10% of the company’s stock.

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.