Nick Lane Sells 25,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the sale, the insider now directly owns 121,629 shares in the company, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Stock Performance

Shares of EQH traded down $0.08 during trading hours on Thursday, hitting $51.48. The stock had a trading volume of 3,075,969 shares, compared to its average volume of 2,653,197. The firm has a market capitalization of $16.13 billion, a PE ratio of -47.23 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 12 month low of $31.76 and a 12 month high of $52.04. The stock has a fifty day moving average price of $47.71 and a 200 day moving average price of $44.05.

Equitable (NYSE:EQH) last announced its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.86%. Equitable’s payout ratio is presently -88.07%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and raised their target price for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company dropped their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Institutional Investors Weigh In On Equitable

A number of hedge funds have recently modified their holdings of the business. MQS Management LLC purchased a new position in shares of Equitable during the 3rd quarter valued at about $587,000. JPMorgan Chase & Co. raised its position in shares of Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after purchasing an additional 153,457 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Equitable by 230.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after buying an additional 25,678 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Equitable by 7.5% in 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. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Equitable by 55.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after buying an additional 22,346 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

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.