South Dakota Investment Council Grows Stock Position in Equitable Holdings, Inc. $EQH

South Dakota Investment Council boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 186,883 shares of the company’s stock after buying an additional 24,500 shares during the period. South Dakota Investment Council owned 0.06% of Equitable worth $10,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Equitable in the first quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in Equitable during the first quarter worth approximately $33,000. Geneos Wealth Management Inc. raised its stake in Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Equitable during the 2nd quarter valued at $73,000. Finally, BankPlus Trust Department acquired a new stake in shares of Equitable during the 2nd quarter worth $75,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of NYSE:EQH opened at $49.39 on Monday. The business’s 50-day simple moving average is $51.27 and its 200 day simple moving average is $52.06. The company has a market cap of $14.80 billion, a P/E ratio of 39.83 and a beta of 1.17. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61.

Insider Activity

In other news, Director Bertram L. Scott sold 2,600 shares of the company’s 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 represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robin M. Raju sold 36,888 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the sale, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. The trade was a 20.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 178,958 shares of company stock worth $9,362,262. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EQH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a research report on Tuesday, October 14th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. boosted their target price on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley cut their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company lifted their price target on shares of Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

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.