William James Iv Eckert Sells 1,700 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Equitable Price Performance

Shares of Equitable stock opened at $47.37 on Thursday. The company’s fifty day simple moving average is $46.89 and its two-hundred day simple moving average is $43.21. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $50.51. The firm has a market cap of $14.84 billion, a PE ratio of -43.46 and a beta of 1.38. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last posted its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm earned $1.15 earnings per share. Equitable’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $58.00 in a report on Monday, December 9th. Barclays lifted their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.10.

Institutional Trading of Equitable

Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in shares of Equitable by 117.3% in the 2nd quarter. Raymond James & Associates now owns 246,215 shares of the company’s stock worth $10,060,000 after purchasing an additional 132,922 shares during the period. Fifth Third Bancorp lifted its holdings in Equitable by 11.6% in the second quarter. Fifth Third Bancorp now owns 4,615 shares of the company’s stock worth $189,000 after buying an additional 479 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Equitable by 36.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,520 shares of the company’s stock valued at $266,000 after acquiring an additional 1,737 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Equitable during the 2nd quarter worth approximately $268,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Equitable in the 2nd quarter worth approximately $5,201,000. Institutional investors own 92.70% of the company’s stock.

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.