80,074 Shares in Equitable Holdings, Inc. (NYSE:EQH) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 80,074 shares of the company’s stock, valued at approximately $3,777,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Equitable during the fourth quarter worth about $668,250,000. State Street Corp lifted its holdings in Equitable by 2.7% during the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP boosted its position in Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after buying an additional 3,303,449 shares during the period. Amundi increased its position in shares of Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after acquiring an additional 957,828 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Equitable by 20.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after acquiring an additional 437,322 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $77.00 in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Finally, Morgan Stanley raised their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $60.75.

Equitable Trading Up 5.1 %

EQH opened at $54.97 on Thursday. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 14.39 and a beta of 1.39. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00. The business’s 50 day moving average is $53.05 and its two-hundred day moving average is $48.69. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 629,939 shares of the company’s stock, valued at approximately $32,536,349.35. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now owns 139,073 shares of the company’s stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,332 shares of company stock valued at $5,364,610 in the last ninety days. Insiders own 1.10% of the company’s stock.

Equitable 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.