11,293 Shares in Equitable Holdings, Inc. $EQH Purchased by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. has purchased 11,293 shares of Equitable Holdings, Inc. (EQH) during the 2nd quarter, valued at approximately $634,000.
• A significant percentage of Equitable's stock, around 92.70%, is owned by hedge funds and institutional investors, indicating strong institutional interest.
• Equitable recently declared a quarterly dividend of $0.27 per share, translating to an annualized yield of 2.0%.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,293 shares of the company's stock, valued at approximately $634,000.

Other large investors have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. grew its holdings in Equitable by 310.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock worth $904,000 after acquiring an additional 13,120 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Equitable in the 1st quarter worth $252,000. Diversified Trust Co grew its holdings in Equitable by 51.5% in the 1st quarter. Diversified Trust Co now owns 42,276 shares of the company's stock worth $2,202,000 after acquiring an additional 14,380 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Equitable in the 1st quarter worth $255,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Equitable by 15.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock worth $8,047,000 after purchasing an additional 20,317 shares during the period. Institutional investors own 92.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley cut their target price on shares of 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 cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $64.55.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $54.09, for a total value of $367,271.10. Following the sale, the chief operating officer owned 88,678 shares of the company's stock, valued at approximately $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the completion of the sale, the chief executive officer directly owned 703,029 shares in the company, valued at approximately $37,295,688.45. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,580 shares of company stock worth $8,258,518 over the last 90 days. 1.10% of the stock is owned by insiders.

Equitable Price Performance

Shares of NYSE:EQH traded down $0.15 during midday trading on Friday, reaching $54.26. 9,935,784 shares of the company were exchanged, compared to its average volume of 2,565,813. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The business's fifty day moving average is $52.77 and its two-hundred day moving average is $52.06. Equitable Holdings, Inc. has a one year low of $40.81 and a one year high of $56.61. The stock has a market cap of $16.25 billion, a PE ratio of 43.76 and a beta of 1.16.

Equitable Dividend Announcement

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