UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,010,277 Shares of Equitable Holdings, Inc. $EQH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Equitable Holdings, Inc. (NYSE:EQH) by 49.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,051,605 shares of the company’s stock after selling 1,010,277 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.39% of Equitable worth $46,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the last quarter. Jump Financial LLC bought a new position in Equitable in the second quarter worth $1,712,000. Gamco Investors INC. ET AL acquired a new stake in shares of Equitable during the 2nd quarter valued at about $1,133,000. Qube Research & Technologies Ltd grew its position in Equitable by 1,126.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 291,126 shares of the company’s stock worth $16,332,000 after acquiring an additional 267,389 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Equitable by 45.8% in the second quarter. Sei Investments Co. now owns 626,017 shares of the company’s stock worth $35,120,000 after purchasing an additional 196,729 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles G.T. Stonehill sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $51.54, for a total transaction of $386,550.00. Following the transaction, the director directly owned 34,357 shares of the company’s stock, valued at approximately $1,770,759.78. This trade represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the transaction, the chief executive officer directly owned 753,403 shares in the company, valued at $36,570,181.62. This represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 112,071 shares of company stock valued at $5,256,317 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EQH shares. Evercore reiterated an “outperform” rating and set a $66.00 target price on shares of Equitable in a research report on Thursday, August 20th. Mizuho set a $68.00 target price on Equitable in a report on Thursday, August 6th. Jefferies Financial Group lifted their price target on shares of Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research upgraded Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Barclays upped their target price on shares of Equitable from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Equitable presently has an average rating of “Moderate Buy” and an average target price of $61.75.

Equitable Stock Performance

Shares of EQH opened at $51.54 on Thursday. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.15. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $14.07 billion, a PE ratio of -15.57, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The firm has a 50-day moving average of $48.66 and a 200-day moving average of $43.69.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The business’s revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 7.18 earnings per share for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $0.30 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Equitable’s dividend payout ratio is -36.25%.

Equitable 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.