UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $46.14 Million Holdings in Equitable Holdings, Inc. $EQH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Equitable Holdings, Inc. (NYSE:EQH) by 49.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,051,605 shares of the company’s stock after selling 1,010,277 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equitable were worth $46,144,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Equitable by 20.0% during the first quarter. The Manufacturers Life Insurance Company now owns 627,169 shares of the company’s stock worth $23,274,000 after buying an additional 104,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Equitable by 13.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 311,976 shares of the company’s stock worth $14,965,000 after buying an additional 36,135 shares during the period. Norges Bank acquired a new stake in Equitable in the 4th quarter valued at $550,995,000. Diamond Hill Capital Management Inc. increased its position in shares of Equitable by 114.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 4,294,644 shares of the company’s stock worth $204,640,000 after acquiring an additional 2,294,902 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Equitable by 301.2% during the 4th quarter. Intech Investment Management LLC now owns 146,829 shares of the company’s stock worth $6,996,000 after purchasing an additional 110,235 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, CAO William James Iv Eckert sold 947 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.88, for a total transaction of $50,077.36. Following the transaction, the chief accounting officer directly owned 8,419 shares of the company’s stock, valued at approximately $445,196.72. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig C. Mackay sold 2,200 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total transaction of $113,014.00. Following the completion of the transaction, the director owned 18,999 shares of the company’s stock, valued at $975,978.63. This trade represents a 10.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 112,071 shares of company stock worth $5,256,317. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho set a $68.00 target price on shares of Equitable in a research note on Thursday, August 6th. Zacks Research upgraded Equitable from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wolfe Research lowered shares of Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Jefferies Financial Group increased their price objective on Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, UBS Group raised their price target on shares of Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and an average target price of $61.75.

Equitable Stock Up 4.4%

Shares of EQH opened at $51.54 on Thursday. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.15. The firm has a market cap of $14.07 billion, a P/E ratio of -15.57, a P/E/G ratio of 0.48 and a beta of 1.10. The stock has a 50 day simple moving average of $48.66 and a two-hundred day simple moving average of $43.69. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue was down 29.8% compared to the same quarter last year. On average, analysts forecast that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a $0.30 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Equitable’s dividend payout ratio (DPR) is currently -36.25%.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.