State of Alaska Department of Revenue Has $1.92 Million Holdings in Equitable Holdings, Inc. $EQH

State of Alaska Department of Revenue lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,160 shares of the company’s stock after selling 2,155 shares during the quarter. State of Alaska Department of Revenue’s holdings in Equitable were worth $1,916,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQH. Wealth Enhancement Advisory Services LLC boosted its position in shares of Equitable by 267.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,601 shares of the company’s stock worth $1,302,000 after acquiring an additional 20,095 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Equitable by 6,323.6% in the 1st quarter. GAMMA Investing LLC now owns 540,225 shares of the company’s stock valued at $28,140,000 after purchasing an additional 531,815 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Equitable by 113,245.5% in the 1st quarter. NBC Securities Inc. now owns 12,468 shares of the company’s stock valued at $649,000 after purchasing an additional 12,457 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Equitable in the 1st quarter valued at $338,000. Finally, UMB Bank n.a. boosted its holdings in shares of Equitable by 116.4% in the 1st quarter. UMB Bank n.a. now owns 4,229 shares of the company’s stock valued at $220,000 after purchasing an additional 2,275 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Activity

In related news, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction on Monday, August 18th. The shares were sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the completion of the transaction, the chief executive officer owned 703,029 shares of the company’s stock, valued at $37,295,688.45. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Insiders sold 192,468 shares of company stock worth $10,250,470 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Equitable Price Performance

Shares of NYSE EQH opened at $50.38 on Friday. Equitable Holdings, Inc. has a twelve month low of $41.06 and a twelve month high of $56.61. The firm has a fifty day simple moving average of $52.68 and a 200 day simple moving average of $52.14. The company has a market capitalization of $15.09 billion, a PE 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.

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 paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable’s dividend payout ratio (DPR) is currently 87.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EQH shares. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. raised their target price on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their target price on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Wells Fargo & Company cut their target price 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. Finally, Morgan Stanley cut their target price on shares of Equitable from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $64.55.

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.