Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $255,600.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now directly owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00.
• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00.

Equitable Stock Up 1.8 %

Shares of Equitable stock opened at $52.20 on Tuesday. Equitable Holdings, Inc. has a 52-week low of $35.18 and a 52-week high of $56.00. The company has a 50 day moving average of $52.47 and a 200 day moving average of $47.69. 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 company has a market capitalization of $16.07 billion, a P/E ratio of 13.66 and a beta of 1.39.

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

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Equitable’s payout ratio is currently 25.13%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EQH. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and increased their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. BMO Capital Markets raised their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Barclays raised their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.75.

Institutional Trading of Equitable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQH. GSA Capital Partners LLP acquired a new stake in Equitable during the third quarter worth approximately $243,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Equitable by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company’s stock worth $29,919,000 after purchasing an additional 7,720 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Equitable by 24.2% during the third quarter. Victory Capital Management Inc. now owns 266,677 shares of the company’s stock worth $11,208,000 after purchasing an additional 51,990 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Equitable by 5.2% during the third quarter. CIBC Asset Management Inc now owns 11,765 shares of the company’s stock worth $494,000 after purchasing an additional 584 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Equitable by 76.4% during the third quarter. Natixis Advisors LLC now owns 33,321 shares of the company’s stock worth $1,400,000 after purchasing an additional 14,434 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.