Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 628,115 shares of the company’s stock after buying an additional 65,701 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Equitable were worth $26,400,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EQH. Advisors Asset Management Inc. raised its stake in shares of Equitable by 60.3% in the 1st quarter. Advisors Asset Management Inc. now owns 2,632 shares of the company’s stock valued at $100,000 after acquiring an additional 990 shares during the period. Comerica Bank increased its holdings in Equitable by 5.4% in the 1st quarter. Comerica Bank now owns 145,409 shares of the company’s stock valued at $5,527,000 after purchasing an additional 7,472 shares in the last quarter. iA Global Asset Management Inc. raised its position in Equitable by 4.8% in the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock valued at $233,000 after purchasing an additional 280 shares during the period. Cetera Advisors LLC lifted its stake in shares of Equitable by 37.5% during the first quarter. Cetera Advisors LLC now owns 13,227 shares of the company’s stock worth $503,000 after purchasing an additional 3,608 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Equitable by 23.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,900 shares of the company’s stock worth $4,064,000 after buying an additional 20,067 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 15.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,166 shares of company stock valued at $4,443,605. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Up 0.3 %

NYSE EQH opened at $48.23 on Friday. The company’s fifty day moving average price is $45.27 and its two-hundred day moving average price is $42.36. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of -44.25 and a beta of 1.40. Equitable Holdings, Inc. has a 12 month low of $29.70 and a 12 month high of $50.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. As a group, research analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. Equitable’s dividend payout ratio (DPR) is -88.07%.

Wall Street Analyst Weigh In

EQH has been the topic of several recent research reports. Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley decreased their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Finally, Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

About Equitable

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.