Dynamic Advisor Solutions LLC Buys Shares of 61,582 Equitable Holdings, Inc. $EQH

Key Points

• Dynamic Advisor Solutions LLC has invested approximately $3.46 million in Equitable Holdings, acquiring 61,582 shares during the second quarter.
• Equitable announced a quarterly dividend of $0.27 per share, yielding 2.0%, with a payout ratio of 87.10%.
• Insider transactions included COO Jeffrey J. Hurd selling 6,790 shares and Director Bertram L. Scott selling 2,600 shares, indicating a decrease in their ownership stakes.

Dynamic Advisor Solutions LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 61,582 shares of the company's stock, valued at approximately $3,455,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. increased its position in Equitable by 310.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock valued at $904,000 after acquiring an additional 13,120 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Equitable during the 1st quarter worth approximately $252,000. Diversified Trust Co grew its position in shares of Equitable by 51.5% during the 1st quarter. Diversified Trust Co now owns 42,276 shares of the company's stock worth $2,202,000 after buying an additional 14,380 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of Equitable during the 1st quarter worth approximately $255,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Equitable by 15.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock worth $8,047,000 after buying an additional 20,317 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Keefe, Bruyette & Woods lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Wolfe Research raised shares of Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, Wells Fargo & Company cut their price target on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $64.55.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $54.09, for a total value of $367,271.10. Following the completion of the transaction, the chief operating officer owned 88,678 shares of the company's stock, valued at approximately $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 703,029 shares of the company's stock, valued at approximately $37,295,688.45. This trade represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,580 shares of company stock valued at $8,258,518. 1.10% of the stock is currently owned by insiders.

Equitable Stock Performance

Shares of EQH stock traded down $0.15 on Friday, hitting $54.26. The company's stock had a trading volume of 9,935,784 shares, compared to its average volume of 2,565,813. The company has a market capitalization of $16.25 billion, a PE ratio of 43.76 and a beta of 1.16. 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's 50 day moving average is $52.77 and its 200-day moving average is $52.06.

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 paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Equitable's dividend payout ratio is presently 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.