South Dakota Investment Council Has $14.02 Million Position in Equitable Holdings, Inc. $EQH

South Dakota Investment Council lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,662 shares of the company’s stock after purchasing an additional 58,506 shares during the quarter. South Dakota Investment Council’s holdings in Equitable were worth $14,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. 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 purchasing an additional 424 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Equitable during the second quarter worth $1,712,000. Gamco Investors INC. ET AL acquired a new position in shares of Equitable during the second quarter worth $1,133,000. Qube Research & Technologies Ltd increased its holdings in shares of Equitable by 1,126.5% during the second quarter. Qube Research & Technologies Ltd now owns 291,126 shares of the company’s stock worth $16,332,000 after buying an additional 267,389 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Equitable by 45.8% in the 2nd quarter. Sei Investments Co. now owns 626,017 shares of the company’s stock valued at $35,120,000 after acquiring an additional 196,729 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on EQH. Barclays cut their price objective on Equitable from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Zacks Research raised Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Mizuho lifted their price target on Equitable from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Wolfe Research cut Equitable from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Finally, Jefferies Financial Group upped their price objective on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $60.08.

Equitable Trading Down 1.9%

NYSE EQH opened at $48.43 on Thursday. The firm has a market capitalization of $13.22 billion, a PE ratio of -17.05, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The business’s 50-day moving average price is $44.89 and its two-hundred day moving average price is $42.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.24.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a positive return on equity of 232.29% and a negative net margin of 7.26%.The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts expect that Equitable Holdings, Inc. will post 7.11 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 3rd. Equitable’s dividend payout ratio is currently -42.25%.

Insider Buying and Selling

In other news, CAO William James Iv Eckert sold 6,200 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $41.83, for a total transaction of $259,346.00. Following the completion of the sale, the chief accounting officer directly owned 9,366 shares in the company, valued at $391,779.78. This represents a 39.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bertram L. Scott sold 2,470 shares of Equitable stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $41.08, for a total transaction of $101,467.60. Following the transaction, the director directly owned 27,931 shares of the company’s stock, valued at $1,147,405.48. This represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 128,503 shares of company stock worth $5,840,116. Corporate insiders own 1.10% of the company’s stock.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.