Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) CAO Sells 1,700 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Equitable Trading Up 1.0 %

NYSE EQH traded up $0.48 during trading on Monday, hitting $47.00. The stock had a trading volume of 2,367,260 shares, compared to its average volume of 2,516,616. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $14.73 billion, a PE ratio of -43.12 and a beta of 1.39. The firm has a 50 day moving average price of $46.71 and a 200 day moving average price of $43.09. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is currently -88.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable during the third quarter worth approximately $48,000. UMB Bank n.a. raised its holdings in Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after acquiring an additional 718 shares in the last quarter. Quarry LP lifted its stake in Equitable by 623.5% in the second quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in Equitable during the 2nd quarter worth approximately $109,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQH shares. Wells Fargo & Company lifted their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays boosted their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.10.

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.