Equitable Holdings, Inc. (NYSE:EQH) Position Raised by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Equitable Holdings by 22.0% during the 1st quarter, owning a total of 85,255 shares valued at approximately $4.44 million.
• Insider transactions included the sale of 5,000 shares by Nick Lane and 6,666 shares by COO Jeffrey J. Hurd, with both transactions occurring on May 15th.
• Equitable Holdings declared a quarterly dividend of $0.27 per share, reflecting an annualized yield of 2.1%, to be paid on August 12th.

Natixis Advisors LLC grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 22.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,255 shares of the company's stock after buying an additional 15,384 shares during the period. Natixis Advisors LLC's holdings in Equitable were worth $4,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Oppenheimer & Co. Inc. acquired a new position in shares of Equitable in the 1st quarter valued at approximately $252,000. Diversified Trust Co increased its holdings in Equitable by 51.5% during the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock worth $2,202,000 after buying an additional 14,380 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Equitable during the first quarter worth $255,000. Asset Management One Co. Ltd. lifted its stake in Equitable by 15.1% in 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. Finally, APG Asset Management N.V. bought a new position in shares of Equitable in the 4th quarter valued at about $7,512,000. 92.70% of the stock is owned by institutional investors.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $264,550.00. Following the completion of the transaction, the insider directly owned 139,073 shares of the company's stock, valued at $7,358,352.43. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $212,360.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,666 shares of company stock worth $7,145,208. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the subject of several research reports. 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. JPMorgan Chase & Co. raised their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $66.00 price target (up previously from $61.00) on shares of Equitable in a report on Thursday, July 10th. UBS Group reduced their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, Evercore ISI lowered their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.30.

Equitable Stock Up 0.3%

Shares of Equitable stock traded up $0.13 during trading on Wednesday, hitting $51.06. 4,896,216 shares of the stock traded hands, compared to its average volume of 2,276,114. The firm has a market cap of $15.40 billion, a P/E ratio of 41.18 and a beta of 1.14. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.39. The stock's fifty day simple moving average is $53.28 and its 200 day simple moving average is $52.16. Equitable Holdings, Inc. has a 52-week low of $37.12 and a 52-week high of $56.61.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Equitable's dividend payout ratio (DPR) is presently 29.35%.

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.