Cwm LLC Has $970,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

CWM LLC grew its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 114.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,628 shares of the company's stock after purchasing an additional 9,936 shares during the quarter. CWM LLC's holdings in Equitable were worth $970,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EQH. MV Capital Management Inc. purchased a new position in shares of Equitable in the 1st quarter valued at $26,000. Bessemer Group Inc. raised its stake in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the period. Mizuho Bank Ltd. increased its stake in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares during the period. McIlrath & Eck LLC grew its holdings in Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Equitable in the 1st quarter valued at about $80,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Evercore ISI cut their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. UBS Group cut their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $68.00 price objective (up from $67.00) on shares of Equitable in a research report on Monday, July 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $65.30.

Insider Activity

In other news, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the sale, the chief accounting officer directly owned 19,827 shares in the company, valued at $1,052,615.43. This trade represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $352,698.06. Following the transaction, the chief operating officer owned 94,980 shares in the company, valued at approximately $5,025,391.80. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,666 shares of company stock valued at $7,145,208 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Down 1.2%

EQH stock traded down $0.66 during trading hours on Thursday, hitting $52.33. The company's stock had a trading volume of 551,066 shares, compared to its average volume of 2,766,666. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $15.79 billion, a PE ratio of 14.22 and a beta of 1.15. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.61. The stock has a 50 day moving average price of $53.53 and a two-hundred day moving average price of $52.05.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 79.05% and a net margin of 8.50%. Equitable's quarterly revenue was up 105.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. On average, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a dividend of $0.27 per share. This is an increase from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, June 2nd. Equitable's dividend payout ratio is currently 29.35%.

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.