Farther Finance Advisors LLC Acquires 1,372 Shares of Equitable Holdings, Inc. $EQH

Farther Finance Advisors LLC increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 118.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,532 shares of the company’s stock after acquiring an additional 1,372 shares during the quarter. Farther Finance Advisors LLC’s holdings in Equitable were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new position in Equitable in the first quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Equitable during the first quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in shares of Equitable during the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its holdings in shares of Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Equitable during the first quarter valued at approximately $80,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of NYSE EQH opened at $50.38 on Friday. The firm has a market capitalization of $15.09 billion, a P/E ratio of 40.63 and a beta of 1.10. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. The stock’s 50-day simple moving average is $52.68 and its two-hundred day simple moving average is $52.14. Equitable Holdings, Inc. has a twelve month low of $41.06 and a twelve month high of $56.61.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, August 5th. Equitable’s dividend payout ratio is currently 87.10%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EQH shares. JPMorgan Chase & Co. boosted their price objective on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company decreased their price objective on Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Morgan Stanley decreased 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. Wolfe Research upgraded Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, 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. One equities research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $64.55.

Insiders Place Their Bets

In other Equitable news, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $54.09, for a total value of $367,271.10. Following the completion of the transaction, the chief operating officer owned 88,678 shares in the company, valued at $4,796,593.02. This represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,468 shares of company stock valued at $10,250,470 over the last 90 days. 1.10% of the stock is owned by insiders.

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.