Equitable Holdings, Inc. $EQH Holdings Decreased by Vident Advisory LLC

Key Points

• Vident Advisory LLC has reduced its position in Equitable Holdings, Inc. (NYSE: EQH) by 10.6%, now owning 112,054 shares worth approximately $5.8 million.
• Recently, several institutional investors acquired stakes in Equitable, with 92.70% of the stock now held by hedge funds and other institutions.
• Equitable announced a quarterly dividend of $0.27 per share, representing a 2.0% yield and an annualized payout of $1.08.

Vident Advisory LLC trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,054 shares of the company's stock after selling 13,254 shares during the period. Vident Advisory LLC's holdings in Equitable were worth $5,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQH. Integrated Wealth Concepts LLC grew its holdings in Equitable by 5.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,980 shares of the company's stock valued at $471,000 after buying an additional 472 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Equitable by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 673,077 shares of the company's stock valued at $31,749,000 after buying an additional 18,136 shares during the last quarter. Northern Trust Corp grew its stake in Equitable by 26.4% during the fourth quarter. Northern Trust Corp now owns 4,242,692 shares of the company's stock worth $200,128,000 after buying an additional 887,123 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Equitable by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 1,029,638 shares of the company's stock valued at $48,568,000 after purchasing an additional 405,316 shares in the last quarter. Finally, Comerica Bank grew its holdings in Equitable by 37.0% during the 4th quarter. Comerica Bank now owns 171,481 shares of the company's stock worth $8,089,000 after acquiring an additional 46,314 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Trading Up 1.8%

Shares of NYSE EQH traded up $0.94 during mid-day trading on Thursday, reaching $53.78. The company had a trading volume of 573,348 shares, compared to its average volume of 2,793,246. Equitable Holdings, Inc. has a 52 week low of $37.99 and a 52 week high of $56.61. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 43.36 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. The business's 50-day moving average is $53.13 and its 200-day moving average is $52.10.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.27 per share. 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 presently 87.10%.

Insider Activity

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the firm's stock in a transaction 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 sale, the director owned 26,001 shares of the company's stock, valued at approximately $1,348,411.86. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $53.05, for a total value of $2,106,085.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,090 shares of company stock worth $7,549,152. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on EQH shares. UBS Group decreased their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods raised their price objective on shares of 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 objective on shares of 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. lifted their target price on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Equitable has a consensus 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.