Wedge Capital Management L L P NC Has $3.78 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Wedge Capital Management L L P NC decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 90.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,379 shares of the company’s stock after selling 673,145 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Equitable were worth $3,780,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in Equitable by 0.3% during the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company’s stock valued at $4,613,000 after purchasing an additional 260 shares during the last quarter. UMB Bank n.a. lifted its holdings in Equitable by 6.6% during the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock valued at $253,000 after purchasing an additional 281 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Equitable by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 5,145 shares of the company’s stock valued at $268,000 after purchasing an additional 299 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Equitable by 5.3% during the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock valued at $316,000 after purchasing an additional 319 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in Equitable by 8.4% during the 1st quarter. Wedmont Private Capital now owns 4,539 shares of the company’s stock valued at $236,000 after purchasing an additional 353 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of EQH stock opened at $54.26 on Monday. The business’s 50 day simple moving average is $52.77 and its 200 day simple moving average is $52.08. Equitable Holdings, Inc. has a one year low of $40.81 and a one year high of $56.61. The stock has a market capitalization of $16.25 billion, a PE ratio of 43.76 and a beta of 1.16. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.0%. Equitable’s payout ratio is 87.10%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.05, for a total value of $2,106,085.00. Following the transaction, the chief executive officer directly owned 703,029 shares of the company’s stock, valued at approximately $37,295,688.45. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $54.09, for a total value of $367,271.10. Following the transaction, the chief operating officer directly owned 88,678 shares in the company, valued at $4,796,593.02. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,580 shares of company stock valued at $8,258,518. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQH has been the subject of a number of research reports. Morgan Stanley dropped their target price 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 raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. UBS Group dropped their target price on Equitable from $77.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company dropped their target price on Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $64.55.

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.