Equitable Holdings, Inc. $EQH Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its holdings in Equitable Holdings, Inc. by 1.0% in the first quarter, owning approximately 2.58 million shares valued at $134.61 million.
• Brokerages have mixed views on Equitable, with JPMorgan Chase raising its price target to $65.00 while Wells Fargo and Morgan Stanley lowered theirs to $63.00 and $67.00 respectively.
• Insider trading activity includes CEO Mark Pearson selling 39,700 shares for over $2 million, indicating a decrease in personal investment in the company's stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,584,190 shares of the company's stock after purchasing an additional 25,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.85% of Equitable worth $134,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Atlas Capital Advisors Inc. raised its holdings in shares of Equitable by 310.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock valued at $904,000 after buying an additional 13,120 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Equitable in the 1st quarter valued at $252,000. Diversified Trust Co raised its holdings in shares of Equitable by 51.5% in the 1st quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after buying an additional 14,380 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of Equitable in the 1st quarter valued at $255,000. Finally, Asset Management One Co. Ltd. raised 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 buying an additional 20,317 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Transactions at Equitable

In related news, Director Bertram L. Scott sold 2,600 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the sale, the director directly owned 26,001 shares of the company's stock, valued at $1,348,411.86. This represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the sale, the chief accounting officer directly owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,880 shares of company stock valued at $6,318,307 in the last 90 days. Company insiders own 1.10% of the company's stock.

Equitable Stock Performance

Shares of NYSE EQH traded up $0.87 during trading hours on Thursday, reaching $54.40. The stock had a trading volume of 978,092 shares, compared to its average volume of 2,786,645. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 43.85 and a beta of 1.16. 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 Holdings, Inc. has a fifty-two week low of $40.81 and a fifty-two week high of $56.61. The firm has a 50-day moving average of $52.73 and a 200-day moving average of $52.04.

Equitable Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Keefe, Bruyette & Woods upped their price target on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Morgan Stanley cut their price target on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. UBS Group cut their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price target on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $64.55.

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.