Public Employees Retirement System of Ohio Increases Stock Holdings in Equitable Holdings, Inc. $EQH

Public Employees Retirement System of Ohio lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,956 shares of the company’s stock after buying an additional 3,738 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Equitable were worth $5,608,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EQH. MV Capital Management Inc. acquired a new position in Equitable during the first quarter worth about $26,000. WPG Advisers LLC purchased a new position in shares of Equitable during the 1st quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in shares of Equitable during the 1st quarter worth approximately $33,000. Geneos Wealth Management Inc. lifted its stake in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after buying an additional 424 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Equitable during the 1st quarter valued at $80,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Equitable from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. lifted 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. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company cut their price objective on shares of Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $64.55.

Equitable Price Performance

Equitable stock opened at $52.38 on Monday. Equitable Holdings, Inc. has a 1 year low of $40.81 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a 50 day moving average price of $52.82 and a 200 day moving average price of $52.18. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 42.24 and a beta of 1.16.

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. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable’s dividend payout ratio (DPR) is 87.10%.

Insider Transactions at Equitable

In other news, Director Bertram L. Scott sold 2,600 shares of Equitable 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Pearson sold 39,700 shares of the business’s 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 $37,295,688.45. The trade was a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,468 shares of company stock worth $10,250,470 over the last ninety days. 1.10% of the stock is owned by 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.