Foster & Motley Inc. Purchases 4,632 Shares of Equitable Holdings, Inc. $EQH

Foster & Motley Inc. lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,501 shares of the company’s stock after buying an additional 4,632 shares during the period. Foster & Motley Inc.’s holdings in Equitable were worth $10,182,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Equitable during the 1st quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in shares of Equitable in the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. lifted its position in shares of Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after buying an additional 424 shares during the last quarter. BankPlus Trust Department acquired a new stake in Equitable during the second quarter worth approximately $75,000. Finally, Wayfinding Financial LLC bought a new position in shares of Equitable during the first quarter worth approximately $80,000. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.05, for a total transaction of $2,106,085.00. Following the transaction, the chief executive officer owned 703,029 shares of the company’s stock, valued at $37,295,688.45. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value 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 $7,573,932. The trade was a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,258 shares of company stock worth $7,449,913 over the last three months. Company insiders own 1.10% of the company’s stock.

Equitable Price Performance

Shares of NYSE:EQH opened at $47.43 on Friday. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The stock’s 50 day moving average is $52.27 and its 200-day moving average is $51.88. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 38.25 and a beta of 1.10.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Equitable’s dividend payout ratio is 87.10%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Equitable from a “hold” rating to a “sell” rating in a research report on Saturday. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Barclays reissued an “overweight” rating and set a $63.00 target price on shares of Equitable in a research note on Wednesday, October 8th. Finally, Morgan Stanley cut their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $64.45.

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.