Equitable (NYSE:EQH) Director Sells $151,093.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) Director Bertram Scott sold 2,780 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $54.35, for a total value of $151,093.00. Following the completion of the sale, the director owned 23,685 shares in the company, valued at approximately $1,287,279.75. This represents a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Equitable Stock Up 0.2%

EQH stock opened at $52.31 on Thursday. The firm’s fifty day moving average is $50.82 and its 200 day moving average is $44.85. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.06. The firm has a market cap of $14.28 billion, a PE ratio of -15.80, a P/E/G ratio of 0.51 and a beta of 1.10.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period last year, the firm earned $1.10 EPS. The company’s quarterly revenue was down 29.8% on a year-over-year basis. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 3rd. Equitable’s dividend payout ratio (DPR) is presently -36.25%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQH. Wolfe Research cut shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Barclays upped their price objective on Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Mizuho set a $68.00 price objective on shares of Equitable in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.82.

Hedge Funds Weigh In On Equitable

Several hedge funds have recently made changes to their positions in EQH. Root Financial Partners LLC grew its stake in Equitable by 64.1% during the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after buying an additional 347 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Equitable in the 2nd quarter valued at approximately $33,000. Covestor Ltd grew its holdings in Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after acquiring an additional 404 shares during the period. Essential Partners LLC grew its stake in shares of Equitable by 245.2% during the 1st quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock worth $40,000 after purchasing an additional 770 shares during the period. Finally, Allworth Financial LP acquired a new position in Equitable during the second quarter worth about $55,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

About Equitable

Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.

The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.

The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.