Zurcher Kantonalbank Zurich Cantonalbank Buys 65,701 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 628,115 shares of the company's stock after purchasing an additional 65,701 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.20% of Equitable worth $26,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares during the period. &PARTNERS increased its position in Equitable by 0.7% during the second quarter. &PARTNERS now owns 34,328 shares of the company's stock worth $1,403,000 after acquiring an additional 254 shares during the period. iA Global Asset Management Inc. increased its position in Equitable by 4.8% in the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company's stock valued at $233,000 after acquiring an additional 280 shares during the period. Allspring Global Investments Holdings LLC grew its position in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock valued at $288,000 after purchasing an additional 332 shares during the period. Finally, Capital Insight Partners LLC raised its holdings in Equitable by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company's stock valued at $720,000 after acquiring an additional 440 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. The trade was a 4.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the sale, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,166 shares of company stock worth $4,443,605 in the last quarter. Insiders own 1.10% of the company's stock.

Equitable Stock Performance

EQH traded up $0.15 during midday trading on Friday, reaching $48.23. The company's stock had a trading volume of 889,876 shares, compared to its average volume of 2,499,617. The company has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $42.41. Equitable Holdings, Inc. has a twelve month low of $29.70 and a twelve month high of $50.51. The stock has a market cap of $15.11 billion, a P/E ratio of -44.25 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The business's revenue for the quarter was down 15.1% compared to the same quarter last year. Research analysts expect that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 1.99%. Equitable's dividend payout ratio (DPR) is currently -88.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EQH shares. Wells Fargo & Company increased their target price on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price target on Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Finally, Barclays raised their target price on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.70.

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.