Maverick Capital Ltd. Has $739,000 Stock Position in Equitable Holdings, Inc. $EQH

Key Points

• Maverick Capital Ltd. increased its stake in Equitable Holdings by 84% in Q1, holding 14,185 shares valued at approximately $739,000.
• Several other hedge funds also initiated new positions in Equitable, contributing to institutional investors owning 92.70% of the company's stock.
• Equitable recently announced a quarterly dividend of $0.27 per share, yielding 2.0% annually, with a payout ratio of 87.10%.

Maverick Capital Ltd. boosted its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 84.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,185 shares of the company's stock after buying an additional 6,476 shares during the period. Maverick Capital Ltd.'s holdings in Equitable were worth $739,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EQH. MV Capital Management Inc. acquired a new stake in Equitable in the first quarter worth $26,000. WPG Advisers LLC acquired a new stake in Equitable in the first quarter worth $27,000. Orion Capital Management LLC acquired a new stake in Equitable in the first quarter worth $33,000. McIlrath & Eck LLC increased its position in Equitable by 154.3% in the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after buying an additional 841 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Equitable in the first quarter worth $80,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the transaction, the chief accounting officer owned 19,827 shares of the company's stock, valued at $1,052,615.43. This trade represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 703,029 shares of the company's stock, valued at $37,295,688.45. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,090 shares of company stock worth $7,549,152. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EQH shares. Wells Fargo & Company dropped their target price on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Keefe, Bruyette & Woods increased their target price on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. UBS Group decreased their price target on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Finally, Morgan Stanley decreased their price target on Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.90.

Equitable Stock Performance

Shares of NYSE:EQH traded down $0.67 on Friday, hitting $53.40. The company's stock had a trading volume of 3,704,028 shares, compared to its average volume of 2,888,788. Equitable Holdings, Inc. has a 12 month low of $37.99 and a 12 month high of $56.61. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 43.07 and a beta of 1.16. The stock's 50-day moving average is $53.04 and its two-hundred day moving average is $52.08. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.0%. Equitable's dividend payout ratio (DPR) is currently 87.10%.

About Equitable

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.