Caitlin John LLC Buys New Shares in Equitable Holdings, Inc. $EQH

Key Points

• Caitlin John LLC acquired 6,356 shares of Equitable Holdings, Inc., valued at approximately $357,000, marking a new stake in the company.
• Equitable announced a quarterly dividend of $0.27 per share, yielding around 2.0%, with a payout ratio of 87.10%.
• Insider trades have seen significant activity, including sales by COO Jeffrey J. Hurd and Director Bertram L. Scott, collectively selling shares worth over $500,000 recently.

Caitlin John LLC purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,356 shares of the company's stock, valued at approximately $357,000.

A number of other institutional investors have also recently added to or reduced their stakes in EQH. Wellington Management Group LLP raised its position in shares of Equitable by 23.4% during the 1st 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 period. Acadian Asset Management LLC boosted its holdings in shares of Equitable by 4.8% in the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company's stock valued at $301,536,000 after acquiring an additional 265,759 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Equitable by 1.0% during 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 worth $134,610,000 after buying an additional 25,951 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Equitable by 5,536.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock worth $110,286,000 after buying an additional 2,071,691 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Equitable in the 1st quarter valued at approximately $108,264,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Wolfe Research upgraded shares of Equitable to a "strong-buy" rating in a report on Tuesday, September 16th. UBS Group decreased their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley decreased their target price on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $64.55.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $53.69, for a total value of $364,555.10. Following the transaction, the chief operating officer directly owned 81,888 shares of the company's stock, valued at $4,396,566.72. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,551 shares of Equitable stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $54.22, for a total transaction of $2,144,455.22. Following the sale, the chief executive officer directly owned 690,678 shares in the company, valued at $37,448,561.16. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,580 shares of company stock worth $8,258,518 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Down 0.3%

EQH traded down $0.15 during trading hours on Monday, hitting $54.08. 2,984,907 shares of the company's stock were exchanged, compared to its average volume of 2,923,245. 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 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's 50-day moving average is $52.78 and its two-hundred day moving average is $52.11. Equitable Holdings, Inc. has a 1-year low of $40.81 and a 1-year high of $56.61.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.27 per share. 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 dividend payout ratio (DPR) is currently 87.10%.

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.