OneDigital Investment Advisors LLC Takes Position in Equitable Holdings, Inc. (NYSE:EQH)

OneDigital Investment Advisors LLC purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,890 shares of the company's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in Equitable in the 1st quarter valued at approximately $252,000. Diversified Trust Co lifted its position in shares of Equitable by 51.5% during the 1st quarter. Diversified Trust Co now owns 42,276 shares of the company's stock worth $2,202,000 after purchasing an additional 14,380 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Equitable by 15.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock worth $8,047,000 after purchasing an additional 20,317 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Equitable during the 4th quarter worth $29,939,000. Finally, APG Asset Management N.V. purchased a new stake in Equitable in the fourth quarter valued at $7,512,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Activity

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $264,550.00. Following the transaction, the insider directly owned 139,073 shares in the company, valued at $7,358,352.43. This represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $352,698.06. Following the transaction, the chief operating officer owned 94,980 shares in the company, valued at $5,025,391.80. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,666 shares of company stock valued at $4,012,008 in the last 90 days. Company insiders own 1.10% of the company's stock.

Equitable Trading Down 0.3%

NYSE:EQH traded down $0.13 during trading hours on Wednesday, reaching $51.72. 2,312,281 shares of the company were exchanged, compared to its average volume of 2,545,265. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 14.05 and a beta of 1.15. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.61. The stock has a 50 day simple moving average of $53.55 and a 200 day simple moving average of $51.87.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 79.05% and a net margin of 8.50%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $1.43 EPS. Equitable's revenue was up 105.2% on a year-over-year basis. As a group, analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a $0.27 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.09%. This is a positive change from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio is presently 29.35%.

Analysts Set New Price Targets

EQH has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Morgan Stanley reissued an "overweight" rating and set a $68.00 price objective (up previously from $67.00) on shares of Equitable in a report on Monday. UBS Group decreased their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.18.

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.