Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) COO Sells $317,101.62 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares of the company’s stock, valued at $4,835,300.22. This trade represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Equitable Trading Down 1.9 %

EQH opened at $46.44 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a one year low of $35.51 and a one year high of $56.00. The company has a market cap of $14.25 billion, a P/E ratio of 12.16 and a beta of 1.23. The business’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $49.00.

Equitable (NYSE:EQH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 2.07%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

Hedge Funds Weigh In On Equitable

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after buying an additional 209 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after acquiring an additional 257 shares during the period. Jones Financial Companies Lllp grew its position in shares of Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after acquiring an additional 266 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings in shares of Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company’s stock valued at $202,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on EQH shares. BMO Capital Markets raised their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price target on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.91.

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.