Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 160.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,066 shares of the company’s stock after acquiring an additional 29,600 shares during the period. APG Asset Management N.V.’s holdings in Equitable were worth $1,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Equitable by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after purchasing an additional 446,752 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Equitable by 3.5% during the first quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after buying an additional 637,916 shares during the period. First Trust Advisors LP boosted its position in Equitable by 0.3% during the fourth quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock worth $207,553,000 after acquiring an additional 18,475 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Equitable by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares during the period. Finally, Northern Trust Corp grew its stake in Equitable by 24.6% in the 4th quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock worth $131,815,000 after acquiring an additional 781,426 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.1 %

Shares of EQH stock opened at $42.03 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50. The firm’s 50 day moving average price is $40.86 and its two-hundred day moving average price is $39.89. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 13.01 and a beta of 1.42.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The business’s quarterly revenue was up 47.7% on a year-over-year basis. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.28%. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EQH shares. Barclays began coverage on Equitable in a research note on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Wells Fargo & Company lowered their price target on Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Truist Financial increased their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley lowered their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus price target of $46.64.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the transaction, the chief operating officer now owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the sale, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the transaction, the chief executive officer now owns 678,555 shares of the company’s stock, valued at $28,635,021. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,469 shares of company stock worth $3,067,434. 1.10% of the stock is currently owned by company insiders.

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.