Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert Sells 3,500 Shares

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Equitable Stock Down 0.8 %

EQH opened at $42.13 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50. The company has a market capitalization of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s fifty day moving average price is $40.90 and its two-hundred day moving average price is $39.48.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is currently 29.72%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Truist Financial increased their price target on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. UBS Group cut shares of Equitable from a “buy” rating to a “neutral” rating and upped their price target for the company from $40.00 to $43.00 in a report on Tuesday, June 18th. Morgan Stanley dropped their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Jefferies Financial Group boosted their price objective on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $46.64.

Institutional Trading of Equitable

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Equitable by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after buying an additional 446,752 shares in the last quarter. Intech Investment Management LLC increased its position in Equitable by 60.9% in the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after acquiring an additional 38,040 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Equitable in the fourth quarter worth about $362,000. Ashton Thomas Private Wealth LLC lifted its position in shares of Equitable by 265.0% during the first quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock worth $2,642,000 after purchasing an additional 50,460 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Equitable during the fourth quarter valued at approximately $2,892,000. 92.70% of the stock is owned by institutional investors.

About Equitable

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.