Cinctive Capital Management LP Makes New $3.78 Million Investment in Equitable Holdings, Inc. (NYSE:EQH)

Cinctive Capital Management LP acquired a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,074 shares of the company's stock, valued at approximately $3,777,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EQH shares. Wells Fargo & Company raised their price objective on Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets upped their price target on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.75.

Equitable Trading Up 2.6 %

Shares of Equitable stock traded up $1.16 during trading on Tuesday, reaching $46.02. 700,849 shares of the stock were exchanged, compared to its average volume of 2,589,637. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 12.08 and a beta of 1.23. Equitable Holdings, Inc. has a 1 year low of $35.49 and a 1 year high of $56.00. The stock's fifty day moving average is $52.66 and its 200 day moving average is $48.85.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is currently 25.13%.

Insiders Place Their Bets

In related news, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 629,939 shares of the company's stock, valued at approximately $32,536,349.35. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is currently owned by corporate 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.