Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 13.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,299 shares of the company’s stock after buying an additional 1,534 shares during the quarter. CIBC Asset Management Inc’s holdings in Equitable were worth $627,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the last quarter. Covestor Ltd grew its stake in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after buying an additional 1,265 shares during the last quarter. Principal Securities Inc. grew its stake in Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock worth $85,000 after buying an additional 817 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQH. Wells Fargo & Company lifted their target price on Equitable from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets began coverage on Equitable in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average price target of $56.58.

Equitable Stock Performance

NYSE EQH opened at $51.44 on Friday. The business’s 50-day moving average price is $50.91 and its 200 day moving average price is $46.31. Equitable Holdings, Inc. has a twelve month low of $32.96 and a twelve month high of $56.00. The company has a market capitalization of $16.12 billion, a PE ratio of 13.46 and a beta of 1.39. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last released its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.87%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is owned by company 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.