Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd Sells 6,666 Shares

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at $5,776,023.24. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Equitable Stock Up 0.4 %

EQH stock opened at $55.77 on Thursday. The stock has a market capitalization of $17.47 billion, a P/E ratio of 14.60 and a beta of 1.39. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm has a 50-day moving average price of $50.69 and a 200-day moving average price of $46.10. Equitable Holdings, Inc. has a 12 month low of $32.96 and a 12 month high of $56.00.

Equitable (NYSE:EQH) last issued its earnings results 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 net margin of 10.51% and a return on equity of 85.70%. As a group, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.72%. Equitable’s dividend payout ratio is presently 25.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Morgan Stanley increased their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial lifted their price objective 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 raised their price target on Equitable from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.58.

Hedge Funds Weigh In On Equitable

Several large investors have recently modified their holdings of EQH. Versant Capital Management Inc grew its position in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after buying an additional 352 shares during the last quarter. Covestor Ltd lifted its stake in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. Bessemer Group Inc. boosted its holdings in Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. increased its position in Equitable by 33.2% during 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 period. Finally, Mizuho Bank Ltd. raised its holdings in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares during the last quarter. 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.