Equitable Holdings, Inc. $EQH Position Increased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 68.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 880,932 shares of the company’s stock after buying an additional 356,732 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Equitable were worth $45,888,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors Inc. lifted its stake in Equitable by 310.2% during the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company’s stock valued at $904,000 after buying an additional 13,120 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Equitable in the first quarter worth approximately $252,000. Diversified Trust Co lifted its position in shares of Equitable by 51.5% in the first quarter. Diversified Trust Co now owns 42,276 shares of the company’s stock worth $2,202,000 after purchasing an additional 14,380 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Equitable in the first quarter worth approximately $255,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Equitable by 15.1% in the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company’s stock worth $8,047,000 after purchasing an additional 20,317 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $53.09, for a total value of $212,360.00. Following the transaction, the chief accounting officer owned 19,827 shares in the company, valued at approximately $1,052,615.43. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.05, for a total value of $2,106,085.00. Following the completion of the transaction, the chief executive officer owned 703,029 shares in the company, valued at $37,295,688.45. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,090 shares of company stock worth $7,549,152. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Up 3.4%

NYSE:EQH opened at $53.6110 on Friday. The stock’s 50 day moving average price is $53.13 and its 200 day moving average price is $52.12. Equitable Holdings, Inc. has a 52 week low of $37.99 and a 52 week high of $56.61. The company has a market capitalization of $16.06 billion, a P/E ratio of 43.24 and a beta of 1.14. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. Equitable’s dividend payout ratio is currently 87.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EQH shares. JPMorgan Chase & Co. increased their price target on shares of Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley reduced their price target on shares of Equitable from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Evercore ISI reduced their price target on shares of Equitable from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods increased their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Finally, UBS Group reduced their price target on shares of Equitable from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus price target of $64.90.

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.