13,115 Shares in Equitable Holdings, Inc. $EQH Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 13,115 shares of Equitable Holdings, Inc. (NYSE: EQH), valued at approximately $736,000, during the second quarter.
• Institutional investors now own 92.70% of Equitable's stock, highlighting significant institutional interest in the company.
• Recent analyst reports show a range of ratings for EQH, with most analysts giving it a Buy rating and an average target price of $64.55.

Counterpoint Mutual Funds LLC bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,115 shares of the company's stock, valued at approximately $736,000.

A number of other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its position in Equitable by 0.3% in the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock worth $4,613,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. lifted its position in Equitable by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company's stock worth $253,000 after buying an additional 281 shares during the last quarter. Fifth Third Bancorp lifted its position in Equitable by 6.2% in the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock worth $268,000 after buying an additional 299 shares during the last quarter. Mutual Advisors LLC lifted its position in Equitable by 5.3% in the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company's stock worth $316,000 after buying an additional 319 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Equitable by 8.4% in the 1st quarter. Wedmont Private Capital now owns 4,539 shares of the company's stock worth $236,000 after buying an additional 353 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $53.69, for a total value of $364,555.10. Following the sale, the chief operating officer directly owned 81,888 shares of the company's stock, valued at approximately $4,396,566.72. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 155,580 shares of company stock valued at $8,258,518. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. UBS Group decreased their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Wells Fargo & Company decreased their price target on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wolfe Research raised Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Equitable currently has an average rating of "Buy" and an average target price of $64.55.

Equitable Price Performance

Shares of EQH stock opened at $54.08 on Tuesday. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 43.61 and a beta of 1.16. The business's fifty day moving average is $52.78 and its 200 day moving average is $52.11. Equitable Holdings, Inc. has a twelve month low of $40.81 and a twelve month high of $56.61. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94.

Equitable Dividend Announcement

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

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.

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