Equitable Holdings, Inc. (NYSE:EQH) COO Sells $364,296.90 in Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total value of $364,296.90. Following the sale, the chief operating officer now owns 92,209 shares in the company, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Equitable Trading Down 0.2 %

Shares of EQH traded down $0.08 during midday trading on Thursday, hitting $51.48. The stock had a trading volume of 3,075,969 shares, compared to its average volume of 2,653,197. The business has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $44.05. Equitable Holdings, Inc. has a fifty-two week low of $31.76 and a fifty-two week high of $52.04. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a market cap of $16.13 billion, a P/E ratio of -47.23 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm's quarterly revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio is -88.07%.

Hedge Funds Weigh In On Equitable

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake 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 acquiring an additional 352 shares in the last quarter. Covestor Ltd grew its holdings in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the third quarter valued at approximately $48,000. UMB Bank n.a. lifted its stake in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after buying an additional 718 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after buying an additional 1,265 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and boosted their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company dropped their target price on Equitable from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Equitable from a "market perform" rating to an "outperform" rating and raised their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.18.

Equitable Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.