Cetera Investment Advisers Has $974,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

Cetera Investment Advisers raised its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,832 shares of the company’s stock after buying an additional 3,860 shares during the period. Cetera Investment Advisers’ holdings in Equitable were worth $974,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. &PARTNERS lifted its stake in shares of Equitable by 0.7% in the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 254 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 280 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Equitable by 26.4% in the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock valued at $74,000 after purchasing an additional 405 shares during the last quarter. US Bancorp DE lifted its stake in shares of Equitable by 4.4% in the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock valued at $383,000 after purchasing an additional 423 shares during the last quarter. Finally, Capital Insight Partners LLC lifted its stake in shares of Equitable by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock valued at $720,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock worth $3,969,870 in the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Performance

Shares of EQH stock opened at $45.53 on Friday. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 14.10 and a beta of 1.41. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50-day simple moving average of $41.49 and a 200 day simple moving average of $40.42. Equitable Holdings, Inc. has a 52 week low of $24.65 and a 52 week high of $45.62.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EQH. Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.70.

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.