Redwood Investment Management LLC Has $1.32 Million Position in Equitable Holdings, Inc. $EQH

Key Points

• Redwood Investment Management LLC reduced its stake in Equitable Holdings, Inc. by 16.6%, now holding 25,239 shares valued at approximately $1.31 million.
• Equitable's stock price has seen analysts split opinions, with a consensus rating of "Moderate Buy" and an average price target of $64.90 after recent adjustments by various firms.
• The company recently announced a quarterly dividend of $0.27 per share, with an annualized yield of 2.0%, reflecting a dividend payout ratio of 87.10%.

Redwood Investment Management LLC decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,239 shares of the company's stock after selling 5,025 shares during the quarter. Redwood Investment Management LLC's holdings in Equitable were worth $1,315,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors Inc. lifted its holdings in 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 purchasing an additional 13,120 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Equitable during the 1st quarter worth about $252,000. Diversified Trust Co raised its holdings in 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 buying an additional 14,380 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Equitable in the 1st quarter valued at about $255,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Equitable by 15.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company's stock valued at $8,047,000 after purchasing an additional 20,317 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Performance

Shares of EQH traded up $0.03 during mid-day trading on Friday, hitting $53.27. The company's stock had a trading volume of 2,445,627 shares, compared to its average volume of 3,168,874. Equitable Holdings, Inc. has a one year low of $37.99 and a one year high of $56.61. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $15.96 billion, a PE ratio of 42.96 and a beta of 1.14. The stock's 50-day moving average is $53.20 and its two-hundred day moving average is $52.12.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Equitable's dividend payout ratio is presently 87.10%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQH. Keefe, Bruyette & Woods boosted their price target on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their target price on 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. upped 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. Morgan Stanley decreased their target price on Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, UBS Group decreased their target price on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.90.

Insider Transactions at Equitable

In related news, 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 value 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. This represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $54.09, for a total value of $367,271.10. Following the completion of the transaction, the chief operating officer owned 88,678 shares of the company's stock, valued at $4,796,593.02. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,090 shares of company stock valued at $7,549,152. Company insiders own 1.10% of the company's stock.

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.