EFG Asset Management North America Corp. Buys Shares of 19,216 Equitable Holdings, Inc. $EQH

Key Points

• EFG Asset Management North America Corp. acquired 19,216 shares of Equitable Holdings, Inc. for approximately $1,001,000 in the first quarter.
• Analysts have varied opinions on Equitable, with a consensus rating of "Moderate Buy" and an average price target of $64.90.
• Equitable recently declared a quarterly dividend of $0.27, reflecting an annualized payout of $1.08 and a yield of 2.0%.

EFG Asset Management North America Corp. acquired a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,216 shares of the company's stock, valued at approximately $1,001,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors Inc. increased its position in Equitable by 310.2% during the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock worth $904,000 after purchasing an additional 13,120 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Equitable during the first quarter valued at about $252,000. Diversified Trust Co increased its position in shares of Equitable by 51.5% during the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after acquiring an additional 14,380 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Equitable during the first quarter valued at about $255,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Equitable by 15.1% during the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock valued at $8,047,000 after acquiring an additional 20,317 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $54.09, for a total transaction of $367,271.10. Following the sale, the chief operating officer directly owned 88,678 shares in the company, valued at approximately $4,796,593.02. The trade was a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the sale, the director owned 26,001 shares in the company, valued at $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,090 shares of company stock valued at $7,549,152. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Performance

Shares of Equitable stock traded down $0.22 during trading on Monday, reaching $53.16. The company's stock had a trading volume of 2,460,682 shares, compared to its average volume of 2,882,265. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The firm has a market cap of $15.92 billion, a PE ratio of 42.87 and a beta of 1.16. The company has a 50-day moving average price of $52.98 and a two-hundred day moving average price of $52.05. Equitable Holdings, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $56.61.

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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable's payout ratio is currently 87.10%.

Wall Street Analyst Weigh In

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

Equitable 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.