Wiley BROS. Aintree Capital LLC boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 24.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,145 shares of the company’s stock after purchasing an additional 7,077 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Equitable were worth $982,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Equitable by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock valued at $1,240,838,000 after buying an additional 854,689 shares in the last quarter. BlackRock Inc. lifted its position in shares of Equitable by 3.8% in the first quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock valued at $849,159,000 after acquiring an additional 1,223,193 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Equitable by 3.9% in the first quarter. Pzena Investment Management LLC now owns 23,480,192 shares of the company’s stock worth $596,162,000 after acquiring an additional 874,423 shares during the period. Norges Bank purchased a new stake in shares of Equitable during the fourth quarter worth about $553,559,000. Finally, State Street Corp raised its stake in Equitable by 3.5% during the 1st quarter. State Street Corp now owns 9,933,563 shares of the company’s stock valued at $252,213,000 after purchasing an additional 336,694 shares during the period. Institutional investors own 92.70% of the company’s stock.
Equitable Price Performance
Shares of Equitable stock traded up $0.47 on Thursday, reaching $29.08. The company had a trading volume of 249,972 shares, compared to its average volume of 2,858,385. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 28.90 and a beta of 1.40. The firm’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $26.67. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $33.24.
Equitable Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, August 4th. Equitable’s dividend payout ratio (DPR) is currently 88.89%.
Analysts Set New Price Targets
Several research analysts have weighed in on EQH shares. Jefferies Financial Group upped their price target on Equitable from $29.00 to $32.00 in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Equitable from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Finally, Barclays boosted their price target on shares of Equitable from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.86.
Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.
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