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

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Equitable Trading Up 1.0 %

Shares of EQH stock traded up $0.48 on Monday, hitting $47.00. The company had a trading volume of 2,367,260 shares, compared to its average volume of 2,516,616. The stock's 50-day moving average is $46.77 and its two-hundred day moving average is $43.13. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $14.73 billion, a P/E ratio of -43.12 and a beta of 1.39. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The company's revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.04%. Equitable's payout ratio is currently -88.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Barclays boosted their target price on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Equitable from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.10.

Hedge Funds Weigh In On Equitable

Several institutional investors have recently added to or reduced their stakes in EQH. Acadian Asset Management LLC increased its holdings in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after acquiring an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Equitable during the second quarter valued at about $110,176,000. Samlyn Capital LLC acquired a new stake in shares of Equitable in the 2nd quarter worth about $63,334,000. Principal Financial Group Inc. lifted its position in Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock valued at $80,470,000 after acquiring an additional 721,028 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Equitable by 1,095.9% during the 2nd quarter. Federated Hermes Inc. now owns 600,662 shares of the company's stock valued at $24,543,000 after purchasing an additional 550,436 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

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.