Equitable Holdings, Inc. (NYSE:EQH) COO Sells $369,163.08 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Equitable Stock Up 0.4 %

Shares of EQH stock traded up $0.25 on Wednesday, hitting $55.77. The stock had a trading volume of 2,168,578 shares, compared to its average volume of 2,872,795. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a one year low of $32.96 and a one year high of $56.00. The business has a 50 day moving average price of $50.52 and a 200 day moving average price of $46.03. The company has a market cap of $17.47 billion, a PE ratio of 14.60 and a beta of 1.39.

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

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Ratings Changes

A number of brokerages recently commented on EQH. Wells Fargo & Company increased their price target on shares of Equitable from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Morgan Stanley raised their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares during the last quarter. Covestor Ltd grew its position in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Assetmark Inc. lifted its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Finally, Mizuho Bank Ltd. boosted its stake in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after acquiring an additional 430 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

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.