Goldman Sachs Group Inc. Sells 15,531 Shares of Equitable Holdings, Inc. $EQH

Key Points

• Goldman Sachs Group Inc. reduced its stake in Equitable Holdings, Inc. by 0.7%, now holding approximately 2.33 million shares valued at $121.31 million.
• Multiple institutional investors have altered their positions in Equitable, with hedge funds owning 92.70% of the company’s stock.
• Equitable recently declared a quarterly dividend of $0.27 per share, resulting in an annualized dividend yield of 2.0%.

Goldman Sachs Group Inc. lessened its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,328,989 shares of the company's stock after selling 15,531 shares during the quarter. Goldman Sachs Group Inc. owned about 0.77% of Equitable worth $121,317,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in Equitable in the 1st quarter worth $26,000. WPG Advisers LLC bought a new position in Equitable in the 1st quarter worth $27,000. Orion Capital Management LLC bought a new position in Equitable in the 1st quarter worth $33,000. McIlrath & Eck LLC raised its holdings in Equitable by 154.3% in the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Equitable in the 1st quarter worth $80,000. Institutional investors own 92.70% of the company's stock.

Equitable Price Performance

NYSE EQH traded up $0.19 on Friday, reaching $54.10. The company's stock had a trading volume of 2,230,063 shares, compared to its average volume of 2,663,625. The firm has a market cap of $16.20 billion, a PE ratio of 43.63 and a beta of 1.16. The business has a 50-day moving average price of $52.79 and a 200 day moving average price of $52.05. Equitable Holdings, Inc. has a 52 week low of $39.51 and a 52 week 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. Equitable's payout ratio is presently 87.10%.

Analyst Ratings Changes

A number of research analysts have recently commented on EQH shares. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Wells Fargo & Company cut their price objective on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Morgan Stanley cut their price objective on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, UBS Group cut their price objective 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. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.90.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,790 shares of the company's stock in a transaction dated 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 $4,796,593.02. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer directly owned 19,827 shares in the company, 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. In the last three months, insiders sold 143,090 shares of company stock worth $7,549,152. Insiders own 1.10% of the company's stock.

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.