Cerity Partners LLC Has $275,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

Cerity Partners LLC cut its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,256 shares of the company’s stock after selling 1,524 shares during the quarter. Cerity Partners LLC’s holdings in Equitable were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Equitable by 126.2% in the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after buying an additional 704 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Equitable by 128.3% in the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after buying an additional 1,034 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Equitable in the third quarter valued at $67,000. CWM LLC increased its stake in shares of Equitable by 23.6% in the third quarter. CWM LLC now owns 2,647 shares of the company’s stock valued at $75,000 after buying an additional 506 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Equitable by 35.7% in the fourth quarter. Fifth Third Bancorp now owns 4,219 shares of the company’s stock valued at $140,000 after buying an additional 1,109 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the transaction, the insider now owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the transaction, the insider now owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles G.T. Stonehill sold 5,000 shares of Equitable stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $34.02, for a total value of $170,100.00. Following the transaction, the director now owns 29,758 shares in the company, valued at approximately $1,012,367.16. The disclosure for this sale can be found here. Insiders have sold 241,907 shares of company stock worth $8,338,649 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQH shares. UBS Group raised their target price on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Wells Fargo & Company lifted their price objective on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Jefferies Financial Group lifted their price objective on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley lifted their price objective on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.67.

Equitable Trading Down 0.6 %

Shares of EQH opened at $36.89 on Monday. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $38.44. The stock has a market cap of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. The stock’s 50-day moving average price is $35.90 and its two-hundred day moving average price is $32.68.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

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.