Greenleaf Trust Sells 854 Shares of Equitable Holdings, Inc. $EQH

Greenleaf Trust cut its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 4.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,955 shares of the company’s stock after selling 854 shares during the period. Greenleaf Trust’s holdings in Equitable were worth $951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in shares of Equitable during the first quarter valued at $26,000. WPG Advisers LLC bought a new position in shares of Equitable during the first quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of Equitable during the first quarter valued at $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 position in shares of Equitable during the first quarter valued at $80,000. 92.70% of the stock is currently owned by institutional investors.

Insider Transactions at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $53.69, for a total transaction of $364,555.10. Following the completion of the sale, the chief operating officer directly owned 81,888 shares in the company, valued at $4,396,566.72. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the sale, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 192,468 shares of company stock valued at $10,250,470. 1.10% of the stock is owned by company insiders.

Equitable Trading Down 2.9%

Equitable stock opened at $49.31 on Thursday. The business has a 50-day simple moving average of $52.72 and a two-hundred day simple moving average of $52.15. The company has a market cap of $14.77 billion, a P/E ratio of 39.76 and a beta of 1.11. Equitable Holdings, Inc. has a 52-week low of $41.06 and a 52-week high of $56.61. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders 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 dividend yield of 2.2%. The ex-dividend date was Tuesday, August 5th. Equitable’s payout ratio is currently 87.10%.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Morgan Stanley lowered their target price on shares of Equitable from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company dropped their price target on shares of Equitable from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Wolfe Research raised shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. One 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $64.55.

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.