Zurcher Kantonalbank Zurich Cantonalbank Has $19.31 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 70.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 579,880 shares of the company’s stock after acquiring an additional 240,659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.17% of Equitable worth $19,310,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after buying an additional 704 shares during the period. UMB Bank n.a. grew its stake in shares of Equitable by 128.3% in the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after buying an additional 1,034 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Equitable in the 3rd quarter valued at about $67,000. UniSuper Management Pty Ltd acquired a new stake in shares of Equitable in the 2nd quarter valued at about $71,000. Finally, CWM LLC grew its stake in shares of Equitable by 23.6% in the 3rd quarter. CWM LLC now owns 2,647 shares of the company’s stock valued at $75,000 after buying an additional 506 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQH has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Morgan Stanley raised their price target on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group raised their price target on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of Equitable from an “overweight” rating to a “neutral” rating and raised their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Finally, Jefferies Financial Group raised their price target on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Equitable Price Performance

Shares of Equitable stock opened at $36.24 on Friday. The stock has a fifty day moving average price of $35.51 and a 200-day moving average price of $32.20. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $38.44. The firm has a market cap of $11.87 billion, a PE ratio of 10.72 and a beta of 1.42.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, February 23rd. Equitable’s payout ratio is presently 26.04%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the completion of the transaction, the chief executive officer now owns 695,025 shares of the company’s stock, valued at approximately $26,174,641.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the completion of the sale, the chief executive officer now owns 695,025 shares in the company, valued at approximately $26,174,641.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the sale, the insider now owns 144,132 shares of the company’s stock, valued at approximately $4,903,370.64. The disclosure for this sale can be found here. Insiders sold 241,907 shares of company stock valued at $8,338,649 in the last quarter. 1.02% of the stock is currently owned by corporate insiders.

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.