Canada Pension Plan Investment Board Has $897.75 Million Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Canada Pension Plan Investment Board lifted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,032,270 shares of the company’s stock after acquiring an additional 79,999 shares during the period. Equitable makes up approximately 0.9% of Canada Pension Plan Investment Board’s investment portfolio, making the stock its 24th largest position. Canada Pension Plan Investment Board owned about 6.07% of Equitable worth $897,752,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after buying an additional 209 shares during the period. Truist Financial Corp lifted its holdings in Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after buying an additional 257 shares during the period. Jones Financial Companies Lllp boosted its position in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after acquiring an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock worth $631,000 after acquiring an additional 283 shares during the period. 92.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Equitable from $62.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.91.

Equitable Stock Performance

Shares of Equitable stock opened at $46.44 on Thursday. Equitable Holdings, Inc. has a 52 week low of $35.51 and a 52 week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The business has a 50 day moving average price of $51.40 and a 200-day moving average price of $49.00. The company has a market cap of $14.25 billion, a PE ratio of 12.16 and a beta of 1.23.

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

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Insider Buying and Selling

In other Equitable news, insider Nick Lane sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the transaction, the insider now owns 139,073 shares of the company’s stock, valued at approximately $6,615,702.61. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the transaction, the chief executive officer now owns 753,206 shares of the company’s stock, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is owned by insiders.

About Equitable

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.