Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd Sells 6,666 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the completion of the sale, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at approximately $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Equitable Trading Down 0.2 %

Shares of Equitable stock traded down $0.08 during trading on Thursday, reaching $51.48. 3,075,969 shares of the company were exchanged, compared to its average volume of 2,653,197. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $52.04. The business has a 50-day moving average price of $47.71 and a 200-day moving average price of $44.05. 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 firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of -47.23 and a beta of 1.39.

Equitable (NYSE:EQH) last posted 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 company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company earned $1.15 EPS. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Equitable Announces Dividend

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

Institutional Trading of Equitable

Several hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its holdings in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after purchasing an additional 332 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares during the period. UMB Bank n.a. raised its holdings in Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after buying an additional 404 shares during the period. Finally, Creative Planning boosted its holdings in shares of Equitable by 3.6% in the third quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after buying an additional 476 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EQH shares. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Barclays boosted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Wells Fargo & Company decreased their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average target price of $52.18.

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.