Zurcher Kantonalbank Zurich Cantonalbank Buys 240,659 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 70.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,880 shares of the company's stock after acquiring an additional 240,659 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of Equitable worth $19,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in EQH. Norges Bank bought a new position in Equitable during the fourth quarter valued at about $553,559,000. First Trust Advisors LP grew its position in Equitable by 1,734.1% during the first quarter. First Trust Advisors LP now owns 6,952,944 shares of the company's stock valued at $176,535,000 after buying an additional 6,573,857 shares during the period. Pzena Investment Management LLC grew its position in Equitable by 10.0% during the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company's stock valued at $763,764,000 after buying an additional 2,450,484 shares during the period. Goldman Sachs Group Inc. boosted its position in Equitable by 94.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,723,505 shares of the company's stock worth $115,094,000 after purchasing an additional 1,811,795 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Equitable in the first quarter worth about $32,141,000. Institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQH. UBS Group lifted their target price on shares of Equitable from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Jefferies Financial Group lifted their target price on shares of Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Evercore ISI lifted their target price on shares of Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their target price on shares of Equitable from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.67.

Equitable Stock Up 0.9 %

NYSE:EQH traded up $0.32 during mid-day trading on Friday, hitting $36.57. 1,880,006 shares of the stock traded hands, compared to its average volume of 2,643,020. The business's 50-day moving average price is $35.57 and its 200 day moving average price is $32.26. The company has a market cap of $11.98 billion, a PE ratio of 10.82 and a beta of 1.42. Equitable Holdings, Inc. has a 12-month low of $21.89 and a 12-month high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.50 billion. Analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.41%. Equitable's payout ratio is presently 26.04%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 60,000 shares of Equitable stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now directly owns 619,625 shares in the company, valued at $20,063,457.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Nick Lane sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the sale, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now owns 619,625 shares of the company's stock, valued at $20,063,457.50. The disclosure for this sale can be found here. Insiders sold a total of 241,907 shares of company stock worth $8,338,649 over the last three months. 1.02% of the stock is owned by insiders.

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.