Pacer Advisors Inc. Has $1.61 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Pacer Advisors Inc. decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,963 shares of the company's stock after selling 59,522 shares during the quarter. Pacer Advisors Inc.'s holdings in Equitable were worth $1,613,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new stake in shares of Equitable during the 1st quarter worth approximately $252,000. Diversified Trust Co boosted its stake in Equitable by 51.5% during the 1st quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after purchasing an additional 14,380 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Equitable during the 1st quarter worth $255,000. Asset Management One Co. Ltd. boosted its stake 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 acquiring an additional 20,317 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Equitable during the 4th quarter worth $7,512,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $52.22, for a total value of $1,566,600.00. Following the completion of the sale, the chief executive officer directly owned 714,367 shares in the company, valued at approximately $37,304,244.74. This trade represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $264,550.00. Following the completion of the sale, the insider owned 139,073 shares of the company's stock, valued at $7,358,352.43. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,666 shares of company stock worth $7,145,208. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. UBS Group lowered their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Wells Fargo & Company restated an "overweight" rating and issued a $66.00 price target (up from $61.00) on shares of Equitable in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average target price of $65.30.

Equitable Stock Down 2.6%

EQH stock traded down $1.31 during trading hours on Friday, reaching $50.04. 2,434,208 shares of the stock were exchanged, compared to its average volume of 2,149,513. The firm's 50-day moving average is $53.35 and its 200-day moving average is $52.17. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.61. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 13.60 and a beta of 1.14. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. Equitable's dividend payout ratio (DPR) is currently 29.35%.

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.