7,740 Shares in Equitable Holdings, Inc. $EQH Bought by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC acquired 7,740 shares of Equitable Holdings, valued at approximately $434,000, as per its recent SEC filing.
• Several large investors, including Wellington Management Group LLP and Robeco Institutional Asset Management, have significantly increased their stakes in Equitable, indicating strong institutional interest in the company.
• Wall Street analysts have expressed optimism about Equitable, with multiple firms issuing target prices above $63, and a consensus rating of "Moderate Buy" suggesting growth potential.

Applied Finance Capital Management LLC acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,740 shares of the company's stock, valued at approximately $434,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock worth $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Equitable by 4.8% during the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company's stock worth $301,536,000 after purchasing an additional 265,759 shares during the last quarter. Nordea Investment Management AB lifted its stake in Equitable by 18.3% during the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company's stock worth $223,168,000 after purchasing an additional 615,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Equitable by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,584,190 shares of the company's stock valued at $134,610,000 after buying an additional 25,951 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company's stock valued at $121,553,000 after buying an additional 1,834,889 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQH shares. Barclays reiterated an "overweight" rating and issued a $63.00 target price on shares of Equitable in a research note on Wednesday, October 8th. Wolfe Research upgraded Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Wells Fargo & Company raised their target price on Equitable from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Equitable in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $64.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.45.

Insider Buying and Selling at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the sale, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares in the company, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,258 shares of company stock valued at $7,449,913 in the last ninety days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Shares of NYSE EQH opened at $47.43 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The firm's 50-day simple moving average is $52.27 and its 200 day simple moving average is $51.88. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. The stock has a market cap of $14.21 billion, a P/E ratio of 38.25 and a beta of 1.10.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.3%. Equitable's payout ratio is 87.10%.

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.

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.