Strs Ohio Takes Position in Equitable Holdings, Inc. $EQH

Strs Ohio purchased a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,445 shares of the company’s stock, valued at approximately $1,586,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after purchasing an additional 2,061,496 shares during the last quarter. Acadian Asset Management LLC grew its stake in Equitable by 4.8% in the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company’s stock valued at $301,536,000 after purchasing an additional 265,759 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Equitable by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,584,190 shares of the company’s stock valued at $134,610,000 after purchasing an additional 25,951 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Equitable by 15.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,558,239 shares of the company’s stock valued at $120,672,000 after purchasing an additional 337,883 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Equitable by 5,536.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock valued at $110,286,000 after purchasing an additional 2,071,691 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Down 0.9%

Shares of NYSE:EQH opened at $52.83 on Wednesday. Equitable Holdings, Inc. has a 12-month low of $40.81 and a 12-month high of $56.61. The company has a market capitalization of $15.82 billion, a PE ratio of 42.61 and a beta of 1.16. The business has a 50 day moving average of $52.72 and a two-hundred day moving average of $52.03. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. Equitable’s payout ratio is presently 87.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted 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. Morgan Stanley cut their target price on Equitable from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company cut their target price on Equitable from $66.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, UBS Group lowered their price target on Equitable from $77.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.55.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the business’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 value of $2,106,085.00. Following the completion of the transaction, the chief executive officer directly owned 703,029 shares of the company’s stock, valued at approximately $37,295,688.45. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bertram L. Scott sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were 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 of the company’s stock, valued at $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,090 shares of company stock valued at $5,953,752. 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.