Equitable Holdings, Inc. (NYSE:EQH) COO Sells $364,296.90 in Stock

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

Equitable Trading Down 0.2 %

Shares of EQH traded down $0.08 during midday trading 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 business has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $44.05. Equitable Holdings, Inc. has a fifty-two week low of $31.76 and a fifty-two week high of $52.04. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a market cap of $16.13 billion, a P/E ratio of -47.23 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. The business 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 firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Announces Dividend

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

Hedge Funds Weigh In On Equitable

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake 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 acquiring an additional 352 shares in the last quarter. Covestor Ltd grew its holdings in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the third quarter valued at approximately $48,000. UMB Bank n.a. lifted its stake in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after buying an additional 718 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after buying an additional 1,265 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays raised 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. 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 report on Friday, January 10th. Wells Fargo & Company dropped their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted 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. 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, the company currently has an average rating of “Moderate Buy” and a consensus 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.