Nuveen LLC Invests $99.32 Million in Equitable Holdings, Inc. (NYSE:EQH)

Key Points

• Nuveen LLC acquired a significant stake in Equitable Holdings, acquiring 1,906,689 shares valued at approximately $99.3 million, resulting in a 0.63% ownership of the company.
• Equitable recently paid a quarterly dividend of $0.27 per share, which equates to an annual yield of 2.0% and a payout ratio of 87.10%.
• Institutional investors hold 92.70% of Equitable's stock, highlighting strong interest from large investment firms in the company's performance.

Nuveen LLC bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,906,689 shares of the company's stock, valued at approximately $99,319,000. Nuveen LLC owned about 0.63% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aigen Investment Management LP boosted its position in Equitable by 7.5% in the first quarter. Aigen Investment Management LP now owns 26,468 shares of the company's stock worth $1,379,000 after purchasing an additional 1,853 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Equitable in the first quarter worth about $915,000. Atlas Capital Advisors Inc. raised its stake in shares of Equitable by 310.2% in the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock worth $904,000 after buying an additional 13,120 shares during the period. Donoghue Forlines LLC bought a new position in shares of Equitable in the first quarter worth about $2,280,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Equitable in the first quarter worth about $86,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQH has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Evercore ISI decreased their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. UBS Group decreased their price objective on 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 Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $65.00.

Equitable Price Performance

NYSE:EQH traded down $0.80 during trading hours on Friday, reaching $53.84. The stock had a trading volume of 3,322,010 shares, compared to its average volume of 2,786,567. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.10 and a current ratio of 0.14. Equitable Holdings, Inc. has a 52 week low of $37.99 and a 52 week high of $56.61. The company has a 50 day moving average price of $53.22 and a two-hundred day moving average price of $52.16. The stock has a market capitalization of $16.13 billion, a PE ratio of 43.42 and a beta of 1.14.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders 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%.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $52.22, for a total value of $1,566,600.00. Following the sale, the chief executive officer owned 714,367 shares of the company's stock, valued at $37,304,244.74. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction that occurred on Friday, June 20th. The stock was 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 owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,000 shares of company stock worth $4,940,960. Corporate 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.