Equitable Holdings, Inc. $EQH Holdings Decreased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Equitable Holdings by 3.3%, selling 5,400 shares in the first quarter, leaving it with 159,500 shares worth approximately $7.69 million.
• Equitable recently announced a quarterly dividend of $0.27, resulting in an annual dividend yield of 2.0% with a payout ratio of 87.10%.
• Several analysts have updated their price targets for Equitable, with the average target now set at $64.90, and a notable rating of "outperform" from Evercore ISI and Keefe, Bruyette & Woods.

APG Asset Management N.V. trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,500 shares of the company's stock after selling 5,400 shares during the quarter. APG Asset Management N.V. owned approximately 0.05% of Equitable worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in EQH. MV Capital Management Inc. bought a new stake in shares of Equitable in the 1st quarter valued at approximately $26,000. McIlrath & Eck LLC increased its holdings in shares of Equitable by 154.3% in the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after acquiring an additional 841 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Equitable in the 1st quarter valued at approximately $80,000. Zions Bancorporation National Association UT bought a new stake in shares of Equitable in the 1st quarter valued at approximately $86,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Equitable in the 1st quarter valued at approximately $104,000. 92.70% of the stock is currently owned by institutional investors.

Equitable Trading Down 1.3%

Shares of EQH stock opened at $52.8750 on Tuesday. 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 1 year low of $37.99 and a 1 year high of $56.61. The stock has a fifty day moving average of $53.13 and a two-hundred day moving average of $52.11. The firm has a market capitalization of $15.84 billion, a PE ratio of 42.64 and a beta of 1.14.

Equitable Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on EQH. Evercore ISI lowered their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. upped their price objective on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price objective on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, 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 note on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average price target of $64.90.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the company'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 sale, the chief operating officer owned 88,678 shares in the company, valued at $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 39,700 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total value of $2,106,085.00. Following the completion of the sale, 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. In the last three months, insiders have sold 143,090 shares of company stock worth $7,549,152. Corporate insiders own 1.10% of the company's stock.

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.

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