Mirae Asset Global Investments Co. Ltd. Has $2.89 Million Stake in Equitable Holdings, Inc. $EQH

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,457 shares of the company’s stock after selling 41,672 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Equitable were worth $2,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQH. Wellington Management Group LLP lifted its position in Equitable by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after acquiring an additional 2,061,496 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Equitable by 4.8% during the 1st quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company’s stock worth $301,536,000 after buying an additional 265,759 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equitable by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,584,190 shares of the company’s stock worth $134,610,000 after buying an additional 25,951 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Equitable by 553.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock worth $121,553,000 after buying an additional 1,834,889 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock worth $110,286,000 after purchasing an additional 2,071,691 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Activity at Equitable

In other news, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. The trade was a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 39,551 shares of Equitable stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $54.22, for a total transaction of $2,144,455.22. Following the sale, the chief executive officer directly owned 690,678 shares of the company’s stock, valued at $37,448,561.16. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,468 shares of company stock valued at $10,250,470. 1.10% of the stock is currently owned by insiders.

Equitable Stock Up 0.0%

EQH opened at $50.96 on Wednesday. The company has a fifty day moving average price of $52.61 and a 200-day moving average price of $52.11. The firm has a market capitalization of $15.26 billion, a P/E ratio of 41.09 and a beta of 1.10. 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 Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, August 5th. Equitable’s payout ratio is 87.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EQH shares. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their price target on shares of Equitable from $66.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley decreased their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Equitable 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.