5,723 Shares in Equitable Holdings, Inc. $EQH Acquired by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC acquired 5,723 shares of Equitable Holdings, Inc. (NYSE:EQH), valued at approximately $321,000, during the second quarter.
• The company announced a quarterly dividend of $0.27 per share, which translates to an annualized yield of 2.1%, while maintaining a payout ratio of 87.10%.
• Analysts have issued various ratings for EQH, with JPMorgan Chase raising the target price to $65.00 and Wolfe Research giving it a "strong-buy" rating.

Park Avenue Securities LLC acquired a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,723 shares of the company's stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQH. Atlas Capital Advisors Inc. lifted its holdings 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 purchasing an additional 13,120 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Equitable during the first quarter valued at approximately $252,000. Diversified Trust Co lifted its holdings in Equitable by 51.5% during the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after purchasing an additional 14,380 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in Equitable during the first quarter valued at approximately $255,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Equitable by 15.1% during the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock valued at $8,047,000 after purchasing an additional 20,317 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Trading Down 3.0%

Shares of EQH opened at $50.75 on Wednesday. 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 fifty-two week low of $40.81 and a fifty-two week high of $56.61. The stock has a market capitalization of $15.20 billion, a PE ratio of 40.93 and a beta of 1.16. The company's fifty day moving average is $52.79 and its 200 day moving average is $52.17.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Equitable's payout ratio is 87.10%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQH. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Wolfe Research raised shares of Equitable to a "strong-buy" rating in a report on Tuesday, September 16th. Wells Fargo & Company lowered their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Morgan Stanley lowered their target price on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $64.55.

Insider Activity

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the transaction, the chief executive officer owned 703,029 shares in the company, valued at $37,295,688.45. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robin M. Raju sold 36,888 shares of the business'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 transaction, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. This trade represents a 20.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 192,468 shares of company stock worth $10,250,470. 1.10% of the stock is currently owned by insiders.

About Equitable

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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