U.S. Capital Wealth Advisors LLC Invests $2.84 Million in Equitable Holdings, Inc. $EQH

Key Points

• U.S. Capital Wealth Advisors LLC invested $2.84 million in Equitable Holdings, acquiring 50,558 shares in the second quarter.
• Equitable Holdings has seen a consensus rating of "Buy" among analysts, with varying price targets reflecting a range from $63.00 to $75.00.
• The company recently declared a quarterly dividend of $0.27 per share, resulting in an annualized dividend yield of 2.0%.

U.S. Capital Wealth Advisors LLC bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 50,558 shares of the company's stock, valued at approximately $2,836,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in shares of Equitable by 87.9% during the fourth quarter. Toronto Dominion Bank now owns 84,148 shares of the company's stock valued at $3,969,000 after purchasing an additional 39,354 shares during the period. Forum Financial Management LP acquired a new stake in Equitable during the 4th quarter valued at $208,000. American Trust purchased a new stake in Equitable during the 4th quarter worth $222,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Equitable in the 4th quarter worth $8,909,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Equitable by 267.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,601 shares of the company's stock worth $1,302,000 after buying an additional 20,095 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of analyst reports. UBS Group dropped their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Wells Fargo & Company dropped 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 increased their target price on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wolfe Research upgraded shares of Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $64.55.

Equitable Stock Performance

Shares of EQH opened at $54.06 on Wednesday. The stock has a market capitalization of $16.19 billion, a PE ratio of 43.59 and a beta of 1.16. The business's fifty day moving average price is $52.83 and its 200 day moving average price is $52.12. 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 Holdings, Inc. has a 12-month low of $40.81 and a 12-month high of $56.61.

Equitable Dividend Announcement

The firm 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 2.0%. Equitable's payout ratio is 87.10%.

Insider Buying and Selling at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 39,551 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $54.22, for a total value of $2,144,455.22. Following the sale, the chief executive officer owned 690,678 shares in the company, valued at $37,448,561.16. The trade was a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 192,468 shares of company stock worth $10,250,470 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.

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