Public Sector Pension Investment Board Buys New Shares in Equitable Holdings, Inc. $EQH

Public Sector Pension Investment Board bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 80,000 shares of the company's stock, valued at approximately $4,167,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Independent Advisor Alliance acquired a new position in Equitable during the 1st quarter worth about $212,000. Nuveen LLC acquired a new position in Equitable during the 1st quarter worth about $99,319,000. Aigen Investment Management LP lifted its holdings in Equitable by 7.5% during the 1st quarter. Aigen Investment Management LP now owns 26,468 shares of the company's stock worth $1,379,000 after buying an additional 1,853 shares during the period. Entropy Technologies LP acquired a new position in Equitable during the 1st quarter worth about $915,000. Finally, Atlas Capital Advisors Inc. lifted its holdings in Equitable by 310.2% during the 1st 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. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the topic of several recent research reports. Morgan Stanley cut their target price on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group decreased their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company decreased their price objective on Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Equitable has an average rating of "Moderate Buy" and a consensus price target of $64.90.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 39,700 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total value of $2,106,085.00. Following the transaction, the chief executive officer owned 703,029 shares of the company's stock, valued at approximately $37,295,688.45. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the transaction, the chief accounting officer directly owned 19,827 shares in the company, valued at approximately $1,052,615.43. The trade was a 16.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,490 shares of company stock valued at $7,414,316. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Performance

Shares of NYSE:EQH traded down $0.27 during trading on Thursday, hitting $51.81. 1,381,594 shares of the company were exchanged, compared to its average volume of 2,798,308. The company has a market cap of $15.52 billion, a PE ratio of 41.87 and a beta of 1.14. The stock has a 50 day moving average of $53.12 and a 200 day moving average of $52.14. Equitable Holdings, Inc. has a 52-week low of $37.99 and a 52-week 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.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued 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 2.1%. Equitable's dividend payout ratio is presently 87.10%.

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.