Equitable Holdings, Inc. (NYSE:EQH) COO Sells $369,163.08 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Equitable Price Performance

Shares of EQH opened at $51.44 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a 50 day simple moving average of $50.91 and a 200 day simple moving average of $46.25. Equitable Holdings, Inc. has a 52-week low of $32.96 and a 52-week high of $56.00. The firm has a market capitalization of $16.12 billion, a PE ratio of 13.46 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 dividend yield of 1.87%. Equitable’s dividend payout ratio is presently 25.13%.

Hedge Funds Weigh In On Equitable

Institutional investors and hedge funds have recently modified their holdings of the business. 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 purchasing an additional 352 shares during the period. Covestor Ltd boosted its position in Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the last quarter. Bessemer Group Inc. boosted its position in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. boosted its position in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Finally, Mizuho Bank Ltd. boosted its position 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 acquiring an additional 430 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on EQH shares. JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price objective on Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays boosted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Morgan Stanley boosted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, BMO Capital Markets started coverage on Equitable in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $56.58.

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.