Voya Investment Management LLC Has $24.55 Million Stock Position in Equitable Holdings, Inc. $EQH

Key Points

• Voya Investment Management LLC increased its stake in Equitable Holdings, owning 471,318 shares worth approximately $24.55 million after a 3.1% rise.
• Equitable recently announced a quarterly dividend of $0.27, resulting in a 2.0% dividend yield and an 87.10% payout ratio.
• Analysts have mixed projections for Equitable, with recent price targets ranging from $55.00 to $77.00, and an overall average target price of $64.90.

Voya Investment Management LLC grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,318 shares of the company's stock after acquiring an additional 14,038 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Equitable worth $24,551,000 at the end of the most recent quarter.

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

Equitable Price Performance

NYSE:EQH traded down $0.15 during mid-day trading on Friday, reaching $54.26. 9,935,784 shares of the stock were exchanged, compared to its average volume of 2,565,813. The business has a fifty day moving average price of $52.77 and a 200 day moving average price of $52.07. The firm has a market capitalization of $16.25 billion, a PE ratio of 43.76 and a beta of 1.16. Equitable Holdings, Inc. has a 1-year low of $40.81 and a 1-year high of $56.61. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued 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 of this dividend was Tuesday, August 5th. Equitable's payout ratio is presently 87.10%.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $53.05, for a total transaction 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. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the transaction, the director owned 26,001 shares of the company's stock, valued at $1,348,411.86. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,580 shares of company stock valued at $8,258,518 over the last three months. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of several research analyst reports. UBS Group reduced their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised their target price on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Wolfe Research upgraded Equitable to a "strong-buy" rating in a research note on Tuesday. Wells Fargo & Company cut their target price on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, Keefe, Bruyette & Woods raised their price target on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $64.55.

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.