Equitable Holdings, Inc. $EQH Shares Sold by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 34%, now owning approximately $62.75 million worth of the company's stock after selling 619,548 shares.
• Equitable's stock has received mixed reactions from analysts, with price targets ranging from $63.00 to $75.00, indicating a general consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.27 per share, yielding about 2.0%, with a payout ratio of 87.10%.

Samlyn Capital LLC lessened its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,204,620 shares of the company's stock after selling 619,548 shares during the period. Samlyn Capital LLC owned 0.40% of Equitable worth $62,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQH. MV Capital Management Inc. acquired a new stake in shares of Equitable during the 1st quarter worth about $26,000. WPG Advisers LLC purchased a new stake in shares of Equitable during the first quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in Equitable in the first quarter valued at approximately $33,000. McIlrath & Eck LLC boosted its holdings in Equitable by 154.3% in the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after purchasing an additional 841 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Equitable in the first quarter valued at approximately $80,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 39,700 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the sale, the chief executive officer directly owned 703,029 shares of the company's stock, valued at approximately $37,295,688.45. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 143,090 shares of company stock valued at $7,549,152. Company insiders own 1.10% of the company's stock.

Equitable Stock Down 0.4%

Shares of EQH traded down $0.21 during trading on Tuesday, reaching $53.01. The company's stock had a trading volume of 309,275 shares, compared to its average volume of 2,792,263. The company has a fifty day moving average of $52.98 and a two-hundred day moving average of $52.05. Equitable Holdings, Inc. has a twelve month low of $37.99 and a twelve month high of $56.61. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 42.69 and a beta of 1.16. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given 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 of this dividend was Tuesday, August 5th. Equitable's dividend payout ratio is presently 87.10%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Morgan Stanley cut their price objective on Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. increased 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. Wells Fargo & Company cut their price target on Equitable from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, UBS Group cut their price target on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.90.

About Equitable

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.