Zurcher Kantonalbank Zurich Cantonalbank Sells 197,055 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 31.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 431,060 shares of the company’s stock after selling 197,055 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Equitable were worth $20,333,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EQH. State Street Corp grew its stake in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Equitable by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after acquiring an additional 161,376 shares during the period. Amundi boosted its holdings in Equitable by 56.3% during the 4th quarter. Amundi now owns 2,659,691 shares of the company’s stock valued at $130,351,000 after acquiring an additional 957,828 shares during the period. Principal Financial Group Inc. grew its position in Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after acquiring an additional 437,322 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock worth $93,322,000 after purchasing an additional 54,380 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley increased their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average target price of $57.75.

Insider Buying and Selling at Equitable

In other news, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the sale, the insider now directly owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. This represents a 15.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the transaction, the chief executive officer now owns 639,939 shares of the company’s stock, valued at $30,275,514.09. The trade was a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,698 shares of company stock valued at $6,534,234. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Up 3.0 %

EQH opened at $50.64 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52 week low of $33.91 and a 52 week high of $56.00. The stock has a market cap of $15.59 billion, a PE ratio of 13.26 and a beta of 1.39. The business has a 50 day moving average of $52.24 and a 200-day moving average of $47.44.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equities research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.