Atlas Capital Advisors Inc. Has $904,000 Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Key Points

• Atlas Capital Advisors Inc. increased its stake in Equitable Holdings, Inc. by 310.2% in the first quarter, owning 17,349 shares valued at $904,000 after acquiring an additional 13,120 shares.
• Equitable announced a quarterly dividend of $0.27 per share, which reflects an annualized dividend of $1.08 and a yield of 2.1%.
• JPMorgan Chase & Co. raised its target price for Equitable shares from $55.00 to $65.00, while maintaining a "neutral" rating, as multiple analysts have continued to show strong interest in the stock.

Atlas Capital Advisors Inc. increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 310.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,349 shares of the company's stock after acquiring an additional 13,120 shares during the period. Atlas Capital Advisors Inc.'s holdings in Equitable were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new stake in shares of Equitable in the first quarter valued at about $252,000. Diversified Trust Co lifted its stake in shares of Equitable by 51.5% in the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after buying an additional 14,380 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Equitable in the first quarter valued at about $255,000. Asset Management One Co. Ltd. lifted its stake 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 valued at $8,047,000 after buying an additional 20,317 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of Equitable in the fourth quarter valued at about $7,512,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQH has been the subject of several research reports. Evercore ISI reduced their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. UBS Group cut their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Morgan Stanley restated an "overweight" rating and set a $68.00 price target (up previously from $67.00) on shares of Equitable in a research note on Monday, July 14th. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company cut their price target on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and a consensus price target of $65.00.

Equitable Trading Down 0.2%

Shares of EQH stock traded down $0.10 on Wednesday, hitting $54.74. The stock had a trading volume of 191,987 shares, compared to its average volume of 2,785,557. Equitable Holdings, Inc. has a twelve month low of $37.99 and a twelve month high of $56.61. The firm has a market cap of $16.51 billion, a P/E ratio of 44.06 and a beta of 1.14. The company has a current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 3.13. The company has a fifty day moving average price of $53.19 and a two-hundred day moving average price of $52.14.

Equitable Dividend Announcement

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 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 yield of 2.0%. Equitable's payout ratio is 87.10%.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the sale, the chief accounting officer directly owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. This represents a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $264,550.00. Following the completion of the sale, the insider directly owned 139,073 shares in the company, valued at approximately $7,358,352.43. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,666 shares of company stock valued at $7,145,208. Corporate insiders own 1.10% of the company's stock.

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.