Cibc World Markets Corp Has $676,000 Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Cibc World Markets Corp trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,341 shares of the company’s stock after selling 4,611 shares during the quarter. Cibc World Markets Corp’s holdings in Equitable were worth $676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after purchasing an additional 153,457 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Equitable during the 4th quarter worth about $295,000. Principal Financial Group Inc. grew its position in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after buying an additional 148,180 shares during the period. Vest Financial LLC grew its position in shares of Equitable by 11.7% during the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after buying an additional 78,725 shares during the period. Finally, Qsemble Capital Management LP grew its position in shares of Equitable by 902.4% during the 3rd quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock worth $3,298,000 after buying an additional 70,629 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other news, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. This represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nick Lane sold 25,000 shares of the company’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 $1,291,250.00. Following the sale, the insider now owns 121,629 shares in the company, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,032 shares of company stock worth $5,443,966 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Up 0.2 %

NYSE EQH opened at $52.49 on Friday. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 13.74 and a beta of 1.39. The stock’s 50 day moving average price is $52.75 and its two-hundred day moving average price is $47.94. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a 52 week low of $35.49 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last released its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets boosted their price objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.75.

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.