Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its stake in Equitable Holdings, Inc. (NYSE:EQH) by 53.5% during the third quarter, Holdings Channel.com reports. The firm owned 22,443 shares of the company’s stock after purchasing an additional 7,823 shares during the quarter. Cerity Partners LLC’s holdings in Equitable were worth $943,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd raised its position in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. LRI Investments LLC raised its position in Equitable by 892.9% in the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after purchasing an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Equitable in the 3rd quarter valued at about $48,000. UMB Bank n.a. raised its position in Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after purchasing an additional 718 shares in the last quarter. Finally, Quarry LP raised its position in shares of Equitable by 623.5% during the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after acquiring an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. The trade was a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the sale, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,166 shares of company stock worth $4,443,605 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Equitable Trading Up 0.3 %

Shares of EQH stock opened at $47.71 on Thursday. The business’s 50 day moving average is $45.60 and its two-hundred day moving average is $42.54. Equitable Holdings, Inc. has a twelve month low of $31.31 and a twelve month high of $50.51. The company has a market capitalization of $14.95 billion, a P/E ratio of -43.77 and a beta of 1.38. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

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

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.01%. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

Equitable Company 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.