Victory Capital Management Inc. Has $6.17 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Victory Capital Management Inc. increased its holdings in Equitable Holdings, Inc. (NYSE:EQHFree Report) by 28.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,356 shares of the company’s stock after acquiring an additional 48,467 shares during the period. Victory Capital Management Inc.’s holdings in Equitable were worth $6,171,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Natixis bought a new position in shares of Equitable in the second quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in shares of Equitable by 128.3% in the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after acquiring an additional 1,034 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Equitable in the second quarter valued at approximately $62,000. UniSuper Management Pty Ltd bought a new position in Equitable during the second quarter valued at $71,000. Finally, CWM LLC grew its holdings in Equitable by 23.6% during the third quarter. CWM LLC now owns 2,647 shares of the company’s stock valued at $75,000 after purchasing an additional 506 shares during the period. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQH. UBS Group increased their price objective on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered Equitable from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods lowered Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a report on Tuesday, December 5th. Barclays reduced their price objective on Equitable from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, Jefferies Financial Group upgraded Equitable from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $37.00 in a research report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.00.

View Our Latest Report on EQH

Equitable Stock Performance

Shares of EQH stock opened at $33.69 on Thursday. Equitable Holdings, Inc. has a 52-week low of $21.89 and a 52-week high of $34.80. The company has a market capitalization of $11.40 billion, a PE ratio of 10.15 and a beta of 1.41. The business’s fifty day moving average is $32.89 and its 200 day moving average is $29.70.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 27th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.61%. Equitable’s dividend payout ratio (DPR) is presently 26.51%.

Insider Buying and Selling

In related news, Director Daniel G. Kaye sold 4,845 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $33.85, for a total value of $164,003.25. Following the transaction, the director now owns 53,757 shares of the company’s stock, valued at $1,819,674.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel G. Kaye sold 4,845 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $33.85, for a total value of $164,003.25. Following the transaction, the director now owns 53,757 shares of the company’s stock, valued at $1,819,674.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 7,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.59, for a total value of $242,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,318 shares in the company, valued at approximately $702,799.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,845 shares of company stock worth $4,989,033. Corporate insiders own 1.02% of the company’s stock.

About Equitable

(Free Report)

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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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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