Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) CAO Sells $148,470.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Equitable Trading Down 0.8 %

Shares of NYSE:EQH opened at $42.11 on Monday. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The firm has a market cap of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42. The company has a 50 day moving average of $40.90 and a 200-day moving average of $39.56.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s dividend payout ratio is 29.72%.

Institutional Trading of Equitable

A number of hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in shares of Equitable by 1,161.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock worth $262,692,000 after acquiring an additional 7,227,568 shares in the last quarter. Acadian Asset Management LLC grew its position in Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Equitable in the 2nd quarter valued at approximately $110,176,000. Samlyn Capital LLC purchased a new stake in shares of Equitable during the second quarter worth $63,334,000. Finally, Northern Trust Corp grew its stake in Equitable by 24.6% in the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock valued at $131,815,000 after purchasing an additional 781,426 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group upped their target price on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Barclays initiated coverage on shares of Equitable in a research note on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Truist Financial lifted their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.64.

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.