Commerzbank Aktiengesellschaft FI Has $821,000 Stake in Equitable Holdings, Inc. $EQH

Commerzbank Aktiengesellschaft FI boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 124.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,123 shares of the company’s stock after purchasing an additional 12,249 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Equitable were worth $821,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new stake in shares of Equitable in the third quarter worth $26,000. Root Financial Partners LLC lifted its stake in Equitable by 64.1% in the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after acquiring an additional 347 shares in the last quarter. Covestor Ltd lifted its stake in Equitable by 124.7% in the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after acquiring an additional 404 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Equitable during the 3rd quarter worth about $38,000. Finally, Geneos Wealth Management Inc. grew its stake in Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity at Equitable

In other news, CAO William James Iv Eckert sold 7,300 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.48, for a total transaction of $310,104.00. Following the transaction, the chief accounting officer owned 15,506 shares of the company’s stock, valued at approximately $658,694.88. This represents a 32.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.28, for a total value of $1,797,616.00. Following the completion of the transaction, the chief executive officer directly owned 765,903 shares in the company, valued at $34,680,087.84. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 88,803 shares of company stock valued at $3,913,078. Insiders own 1.10% of the company’s stock.

Equitable Stock Performance

EQH stock opened at $48.83 on Thursday. The firm has a 50 day moving average of $44.29 and a two-hundred day moving average of $42.93. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.24. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of -17.19, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm earned $1.35 EPS. Equitable’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 7.13 EPS for the current fiscal year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.5%. This is an increase from Equitable’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, June 1st. Equitable’s dividend payout ratio is -42.25%.

Wall Street Analyst Weigh In

EQH has been the topic of a number of research reports. UBS Group upped their target price on Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Mizuho boosted their price objective on shares of Equitable from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Barclays dropped their price objective on shares of Equitable from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Evercore set a $63.00 target price on shares of Equitable and gave the company an “outperform” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.08.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.