7,740 Shares in Equitable Holdings, Inc. $EQH Purchased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC purchased a new position in Equitable Holdings, Inc. (NYSE:EQH) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,740 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors have also recently bought and sold shares of EQH. WPG Advisers LLC purchased a new position in Equitable in the 1st quarter worth about $27,000. Orion Capital Management LLC purchased a new position in Equitable in the 1st quarter worth about $33,000. Geneos Wealth Management Inc. increased its stake in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares in the last quarter. BankPlus Trust Department purchased a new position in Equitable in the 2nd quarter worth about $75,000. Finally, Wayfinding Financial LLC purchased a new position in Equitable during the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other news, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. The trade was a 20.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 disclosure for this sale can be found here. Insiders have sold 139,258 shares of company stock valued at $7,449,913 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Equitable Stock Up 0.4%

Shares of Equitable stock opened at $47.43 on Friday. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 38.25 and a beta of 1.10. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. Equitable Holdings, Inc. has a 52-week low of $41.39 and a 52-week high of $56.61. The stock has a 50-day simple moving average of $52.27 and a 200-day simple moving average of $51.88.

Equitable Announces Dividend

The company also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 5th. Equitable’s payout ratio is currently 87.10%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EQH shares. 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. Wolfe Research raised Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their target price on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

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.