142,118 Shares in Equitable Holdings, Inc. $EQH Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 142,118 shares of Equitable Holdings, Inc., valued at approximately $7.4 million, marking a significant investment in the company during the first quarter.
• Insiders of Equitable sold a total of 143,090 shares worth about $7.5 million in the past ninety days, reflecting notable transactions among management members.
• Equitable Holdings has declared a quarterly dividend of $0.27 per share, with a payout ratio of 87.10% and an annualized dividend yield of 2.0%.

Great Lakes Advisors LLC acquired a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,118 shares of the company's stock, valued at approximately $7,403,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after buying an additional 2,061,496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Equitable by 15.2% in the fourth 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Equitable by 5,536.0% in the first 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 in the last quarter. Boston Partners purchased a new stake in Equitable during the 1st quarter worth about $108,264,000. Finally, AQR Capital Management LLC increased its position in Equitable by 85.4% during the 1st quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company's stock worth $96,981,000 after purchasing an additional 879,813 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.05, for a total value 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. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,090 shares of company stock valued at $7,549,152. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

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

Equitable Stock Up 0.3%

Equitable stock traded up $0.19 during midday trading on Friday, hitting $54.10. 2,230,063 shares of the company were exchanged, compared to its average volume of 2,663,625. The company's fifty day moving average price is $52.79 and its 200-day moving average price is $52.05. The company has a market cap of $16.20 billion, a PE ratio of 43.63 and a beta of 1.16. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. Equitable Holdings, Inc. has a fifty-two week low of $39.51 and a fifty-two week high of $56.61.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.0%. Equitable's payout ratio 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.