Cetera Investment Advisers Acquires 3,860 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Cetera Investment Advisers increased its position in Equitable Holdings, Inc. (NYSE:EQH) by 19.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,832 shares of the company’s stock after acquiring an additional 3,860 shares during the quarter. Cetera Investment Advisers’ holdings in Equitable were worth $974,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after purchasing an additional 446,752 shares during the last quarter. Intech Investment Management LLC lifted its position in Equitable by 60.9% during the first quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after purchasing an additional 38,040 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Equitable by 265.0% during the first quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after purchasing an additional 50,460 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Equitable during the fourth quarter worth approximately $2,892,000. Finally, Friedenthal Financial purchased a new position in shares of Equitable during the second quarter worth approximately $831,000. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EQH has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Truist Financial upped their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped 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. Finally, Morgan Stanley dropped their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.70.

Insiders Place Their Bets

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,500 shares of company stock valued at $3,969,870. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Performance

EQH stock opened at $45.53 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The business’s fifty day simple moving average is $41.49 and its two-hundred day simple moving average is $40.42. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $45.62. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 14.10 and a beta of 1.41.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. Analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio is presently 29.72%.

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.