Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) COO Jeffrey J. Hurd sold 9,969 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $361,276.56. Following the transaction, the chief operating officer now directly owns 141,062 shares in the company, valued at $5,112,086.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Equitable Stock Performance
NYSE EQH opened at $35.65 on Thursday. The firm's fifty day moving average price is $35.46 and its two-hundred day moving average price is $32.17. The stock has a market cap of $11.68 billion, a PE ratio of 10.55 and a beta of 1.42. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44.
Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 6 earnings per share for the current fiscal year.
Equitable Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. Equitable's dividend payout ratio (DPR) is presently 26.04%.
Analysts Set New Price Targets
Several research analysts have recently commented on EQH shares. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Jefferies Financial Group raised their target price on shares of Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. UBS Group lifted their price objective on shares of Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Finally, Evercore ISI lifted their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.67.
Read Our Latest Research Report on EQH
Hedge Funds Weigh In On Equitable
A number of hedge funds have recently modified their holdings of the business. Capital Insight Partners LLC lifted its holdings in shares of Equitable by 42.3% during the first quarter. Capital Insight Partners LLC now owns 17,172 shares of the company's stock worth $653,000 after purchasing an additional 5,104 shares during the period. BTC Capital Management Inc. acquired a new position in shares of Equitable during the first quarter worth $2,726,000. Rise Advisors LLC lifted its holdings in shares of Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company's stock worth $65,000 after purchasing an additional 1,592 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company's stock worth $74,000 after purchasing an additional 405 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Equitable during the first quarter worth $532,000. Institutional investors and hedge funds own 92.70% of the company's stock.
Equitable Company Profile
(
Get Free Report)
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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