Dynamic Technology Lab Private Ltd Buys New Position in Equitable Holdings, Inc. $EQH

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Equitable Holdings, Inc., purchasing 8,419 shares valued at approximately $439,000 in the first quarter.
• CEO Mark Pearson sold 39,700 shares of Equitable stock for over $2 million, reducing his ownership by 5.35%.
• Equitable recently announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 2.0%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,419 shares of the company's stock, valued at approximately $439,000.

Several other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. lifted its stake in shares of Equitable by 0.3% in the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock worth $4,613,000 after purchasing an additional 260 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Equitable by 6.2% in the first quarter. Fifth Third Bancorp now owns 5,145 shares of the company's stock worth $268,000 after buying an additional 299 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of Equitable by 5.3% in the first quarter. Mutual Advisors LLC now owns 6,367 shares of the company's stock worth $316,000 after buying an additional 319 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Equitable by 8.4% in the first quarter. Wedmont Private Capital now owns 4,539 shares of the company's stock worth $236,000 after buying an additional 353 shares during the last quarter. Finally, Invst LLC boosted its holdings in shares of Equitable by 1.5% in the fourth quarter. Invst LLC now owns 24,165 shares of the company's stock worth $1,140,000 after buying an additional 365 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 39,700 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $53.05, for a total value of $2,106,085.00. Following the completion of the transaction, the chief executive officer directly owned 703,029 shares of the company's stock, valued at approximately $37,295,688.45. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of the business's stock in a transaction on Friday, August 15th. The stock was 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 directly owned 88,678 shares of the company's stock, valued at approximately $4,796,593.02. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,090 shares of company stock valued at $5,953,752. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. UBS Group lowered their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley lowered their price objective on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Finally, Wolfe Research raised Equitable to a "strong-buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $64.55.

Equitable Stock Up 1.3%

Shares of EQH traded up $0.68 during trading hours on Wednesday, hitting $53.48. The company had a trading volume of 337,397 shares, compared to its average volume of 2,784,118. The company has a market capitalization of $16.02 billion, a PE ratio of 43.13 and a beta of 1.16. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. Equitable Holdings, Inc. has a one year low of $40.81 and a one year high of $56.61. The company's fifty day moving average price is $52.72 and its two-hundred day moving average price is $52.03.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable's 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.