Equitable Holdings, Inc. $EQH Shares Sold by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Equitable Holdings by 7.1%, selling 8,800 shares during the second quarter, leaving them with 114,700 shares valued at approximately $6.44 million.
• Recent analyst reports showed mixed price target adjustments for Equitable, with JPMorgan raising its target from $55 to $65, and Morgan Stanley lowering its target from $68 to $67, yet the consensus remains a "Buy" rating with a price target of $64.55.
• Equitable Holdings announced a quarterly dividend of $0.27, translating to an annualized payout of $1.08 and a yield of 2.0%, with an 87.10% payout ratio as of the latest financial data.

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,700 shares of the company's stock after selling 8,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Equitable were worth $6,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of Equitable by 2.2% during the second quarter. Swedbank AB now owns 721,838 shares of the company's stock worth $40,495,000 after acquiring an additional 15,353 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Equitable in the second quarter valued at approximately $3,455,000. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Equitable in the second quarter valued at $634,000. Voya Investment Management LLC raised its position in shares of Equitable by 3.1% in the first quarter. Voya Investment Management LLC now owns 471,318 shares of the company's stock worth $24,551,000 after acquiring an additional 14,038 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Equitable during the 1st quarter worth about $1,586,000. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Trading Up 1.5%

Shares of NYSE:EQH traded up $0.79 during mid-day trading on Tuesday, reaching $54.84. 305,488 shares of the company were exchanged, compared to its average volume of 2,822,291. Equitable Holdings, Inc. has a 1 year low of $40.81 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The firm's 50-day simple moving average is $52.78 and its 200 day simple moving average is $52.11. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 44.23 and a beta of 1.16.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Equitable's dividend payout ratio (DPR) is presently 87.10%.

Insider Activity at Equitable

In other news, Director Bertram L. Scott sold 2,600 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the sale, the director owned 26,001 shares of the company's stock, valued at approximately $1,348,411.86. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $367,271.10. Following the transaction, the chief operating officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 155,580 shares of company stock worth $8,258,518. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

EQH has been the topic of a number of recent analyst reports. Wolfe Research upgraded Equitable to a "strong-buy" rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. increased their target price on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley decreased their price objective on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Wells Fargo & Company cut their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, Keefe, Bruyette & Woods raised their price target 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 investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $64.55.

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.