Parkwood LLC Grows Stock Holdings in Equitable Holdings, Inc. $EQH

Key Points

• Parkwood LLC increased its stake in Equitable Holdings by 5.3%, acquiring an additional 12,170 shares to own a total of 240,860 shares worth approximately $12.5 million.
• Equitable's stock has a market cap of $16 billion and a P/E ratio of 43.07, with a current price of $53.40 per share.
• The company declared a quarterly dividend of $0.27 per share, yielding 2.0%, with a payout ratio of 87.10%.

Parkwood LLC raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,860 shares of the company's stock after purchasing an additional 12,170 shares during the period. Parkwood LLC owned 0.08% of Equitable worth $12,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after purchasing an additional 2,061,496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Equitable by 15.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,558,239 shares of the company's stock valued at $120,672,000 after purchasing an additional 337,883 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Equitable by 5,536.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock valued at $110,286,000 after purchasing an additional 2,071,691 shares in the last quarter. Boston Partners purchased a new position in Equitable during the first quarter valued at $108,264,000. Finally, AQR Capital Management LLC lifted its holdings in Equitable by 85.4% during the first quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company's stock valued at $96,981,000 after purchasing an additional 879,813 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $54.09, for a total value of $367,271.10. Following the transaction, the chief operating officer owned 88,678 shares of the company's stock, valued at $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bertram L. Scott sold 2,600 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at $1,348,411.86. The trade was a 9.09% 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 valued at $7,549,152 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Down 0.9%

Equitable stock traded down $0.50 during midday trading on Tuesday, hitting $52.73. 2,376,883 shares of the stock were exchanged, compared to its average volume of 2,781,224. Equitable Holdings, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $56.61. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 42.52 and a beta of 1.16. The stock's 50-day simple moving average is $52.92 and its 200 day simple moving average is $52.06. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a dividend of $0.27 per share. 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 (DPR) is presently 87.10%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EQH shares. 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. UBS Group reduced their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Wells Fargo & Company reduced their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. increased 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Equitable presently has an average rating of "Moderate Buy" and an average target price of $64.90.

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.