Stephens Inc. AR Trims Position in Equitable Holdings, Inc. $EQH

Stephens Inc. AR lessened its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,292 shares of the company’s stock after selling 845 shares during the quarter. Stephens Inc. AR’s holdings in Equitable were worth $3,719,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Boston Partners acquired a new stake in shares of Equitable during the 1st quarter worth $108,264,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock worth $110,286,000 after buying an additional 2,071,691 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Equitable by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after buying an additional 2,061,496 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Equitable during the 1st quarter worth $99,319,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Equitable by 553.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock worth $121,553,000 after buying an additional 1,834,889 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $48.34 on Wednesday. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a 50-day moving average of $52.04 and a two-hundred day moving average of $51.87. The stock has a market cap of $14.48 billion, a P/E ratio of 38.98 and a beta of 1.10. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61.

Equitable Dividend Announcement

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

Insider Activity at Equitable

In other news, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $48.17, for a total transaction of $1,912,349.00. Following the transaction, the chief executive officer directly owned 689,040 shares in the company, valued at $33,191,056.80. The trade was a 5.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,958 shares of company stock worth $9,362,262. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. increased their price target on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price target on Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Evercore ISI increased their price target on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

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.