Ieq Capital LLC Has $2.61 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Key Points

• Ieq Capital LLC increased its holdings in Equitable Holdings, Inc. by 66.4%, now owning 50,114 shares valued at approximately $2.61 million as of the end of the most recent quarter.
• Multiple analysts have adjusted their price targets for Equitable, with a consensus target of $64.90 and a rating of "Moderate Buy" based on nine "Buy" ratings and one "Hold" rating.
• Equitable recently announced a quarterly dividend of $0.27 per share, with an annualized yield of 2.0% and a payout ratio of 87.10%.

Ieq Capital LLC raised its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 66.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,114 shares of the company's stock after acquiring an additional 20,001 shares during the period. Ieq Capital LLC's holdings in Equitable were worth $2,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new position in Equitable in the first quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Equitable in the first quarter valued at about $33,000. McIlrath & Eck LLC raised its stake in Equitable by 154.3% in the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after purchasing an additional 841 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Equitable in the 1st quarter valued at approximately $80,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Equitable in the 1st quarter valued at approximately $86,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley dropped their target price 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. 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. 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. Finally, Keefe, Bruyette & Woods boosted their price target on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average target price of $64.90.

Equitable Price Performance

EQH traded up $1.12 on Thursday, reaching $53.96. The stock had a trading volume of 921,212 shares, compared to its average volume of 2,795,175. Equitable Holdings, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $56.61. The firm has a 50-day moving average of $53.13 and a 200-day moving average of $52.10. 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 company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 43.51 and a beta of 1.16.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Equitable's dividend payout ratio is 87.10%.

Insider Buying and Selling at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 19,827 shares of the company's stock, valued at $1,052,615.43. The trade was a 16.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 6,790 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $54.09, for a total transaction of $367,271.10. Following the completion of the sale, the chief operating officer directly owned 88,678 shares in the company, valued at approximately $4,796,593.02. This represents a 7.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 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.