Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the transaction, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Equitable Trading Down 2.1 %
Equitable stock traded down $0.90 during mid-day trading on Wednesday, hitting $42.29. The company had a trading volume of 2,642,344 shares, compared to its average volume of 2,694,866. The stock’s 50 day moving average price is $40.77 and its two-hundred day moving average price is $37.04. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $43.53. The company has a market capitalization of $13.75 billion, a PE ratio of 13.37 and a beta of 1.43.
Equitable (NYSE:EQH – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities research analysts anticipate that Equitable Holdings, Inc. will post 6.07 EPS for the current year.
Equitable Increases Dividend
Wall Street Analyst Weigh In
Several equities analysts have recently commented on EQH shares. Keefe, Bruyette & Woods increased their price objective on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Jefferies Financial Group raised their price target on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Wells Fargo & Company reduced their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. raised their price target on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Truist Financial raised their price target on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.
View Our Latest Stock Analysis on Equitable
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Equitable during the fourth quarter valued at $606,630,000. Hsbc Holdings PLC increased its position in Equitable by 1,161.7% during the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after acquiring an additional 7,227,568 shares during the last quarter. Principal Financial Group Inc. increased its position in Equitable by 1,105.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock valued at $41,390,000 after acquiring an additional 1,139,814 shares during the last quarter. Northern Trust Corp increased its position in Equitable by 24.6% during the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock valued at $131,815,000 after acquiring an additional 781,426 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Equitable during the first quarter valued at $27,237,000. 92.70% of the stock is owned by 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.
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