BW Gestao de Investimentos Ltda. Invests $11.30 Million in Equitable Holdings, Inc. $EQH

Key Points

• BW Gestao de Investimentos Ltda. has taken a new position in Equitable Holdings, Inc. by purchasing 216,943 shares valued at approximately $11.30 million, making it the fund's 28th largest position.
• Equitable has a strong institutional backing, with 92.70% of its stock owned by institutional investors and hedge funds, and several other firms have increased their stakes in the company.
• The company's most recent quarterly dividend was set at $0.27 per share, representing an annualized yield of 2.0% with a payout ratio of 87.10%.

BW Gestao de Investimentos Ltda. bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 216,943 shares of the company's stock, valued at approximately $11,301,000. Equitable comprises 0.4% of BW Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 28th biggest position. BW Gestao de Investimentos Ltda. owned about 0.07% of Equitable as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equitable by 15.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,558,239 shares of the company's stock valued at $120,672,000 after buying an additional 337,883 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Equitable by 5,536.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock valued at $110,286,000 after buying an additional 2,071,691 shares during the period. Boston Partners acquired a new stake in shares of Equitable in the 1st quarter valued at $108,264,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Equitable by 85.4% in the 1st quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company's stock valued at $96,981,000 after purchasing an additional 879,813 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Performance

Shares of NYSE EQH traded down $0.67 during midday trading on Friday, reaching $53.40. The company's stock had a trading volume of 3,704,028 shares, compared to its average volume of 2,888,788. Equitable Holdings, Inc. has a 12-month low of $37.99 and a 12-month high of $56.61. The firm has a 50 day moving average price of $53.04 and a 200-day moving average price of $52.05. The stock has a market capitalization of $16.00 billion, a P/E ratio of 43.07 and a beta of 1.16. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14.

Equitable Announces Dividend

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

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 4,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $53.09, for a total transaction of $212,360.00. Following the sale, the chief accounting officer owned 19,827 shares of the company's stock, valued at $1,052,615.43. The trade was a 16.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer directly owned 703,029 shares in the company, valued at $37,295,688.45. The trade was a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,090 shares of company stock worth $7,549,152 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EQH shares. UBS Group reduced their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley lowered their target price on Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Wells Fargo & Company lowered their price objective on Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.90.

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.