Equitable Holdings, Inc. $EQH Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Equitable Holdings by 2.9%, owning 314,884 shares worth approximately $16.4 million as of the latest filing.
• Several institutional investors, including Wellington Management Group and AQR Capital Management LLC, significantly increased their stakes in Equitable, with Allspring Global Investments growing its position by 5,536% in the first quarter.
• Equitable recently announced a quarterly dividend of $0.27 per share, resulting in a yield of 2.0% and a current payout ratio of 87.10%.

Alliancebernstein L.P. trimmed its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,884 shares of the company's stock after selling 9,549 shares during the quarter. Alliancebernstein L.P. owned approximately 0.10% of Equitable worth $16,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equitable by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,558,239 shares of the company's stock valued at $120,672,000 after buying an additional 337,883 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock valued at $110,286,000 after buying an additional 2,071,691 shares during the last quarter. Boston Partners acquired a new stake in Equitable during the first quarter worth about $108,264,000. Finally, AQR Capital Management LLC lifted its holdings in Equitable by 85.4% in the first quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company's stock worth $96,981,000 after acquiring an additional 879,813 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Transactions at Equitable

In other news, CAO William James Iv Eckert sold 4,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $53.09, for a total value of $212,360.00. Following the sale, the chief accounting officer owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. The trade was a 16.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bertram L. Scott sold 2,600 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the transaction, the director directly owned 26,001 shares of the company's stock, valued at $1,348,411.86. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,090 shares of company stock worth $7,549,152 in the last three months. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Up 2.2%

Equitable stock opened at $53.86 on Friday. Equitable Holdings, Inc. has a 52 week low of $38.69 and a 52 week high of $56.61. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 43.44 and a beta of 1.16. The company's 50-day moving average price is $52.82 and its two-hundred day moving average price is $52.06. 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 business also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Equitable's dividend payout ratio (DPR) is currently 87.10%.

Analysts Set New Price Targets

Several research firms have recently commented on EQH. JPMorgan Chase & Co. upped their target price on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report 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. Morgan Stanley cut their target price on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. UBS Group lowered their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company cut their price objective on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.90.

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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