Equitable Holdings, Inc. (NYSE:EQH) COO Sells $317,101.62 in Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $317,101.62. Following the completion of the transaction, the chief operating officer now owns 101,646 shares of the company's stock, valued at $4,835,300.22. This trade represents a 6.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Equitable Trading Up 1.1 %

NYSE EQH traded up $0.53 during trading on Friday, reaching $46.88. 2,728,089 shares of the stock traded hands, compared to its average volume of 2,631,330. Equitable Holdings, Inc. has a fifty-two week low of $36.18 and a fifty-two week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 12.27 and a beta of 1.23. The stock's 50-day moving average price is $51.12 and its 200 day moving average price is $49.06.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results 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%. Analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is presently 25.13%.

Hedge Funds Weigh In On Equitable

Several institutional investors and hedge funds have recently modified their holdings of EQH. MV Capital Management Inc. bought a new position in Equitable in the first quarter valued at approximately $26,000. 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 purchasing an additional 352 shares during the period. Bessemer Group Inc. lifted its holdings in shares of 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 purchasing an additional 357 shares in the last quarter. Assetmark Inc. boosted its position in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the period. Finally, Mizuho Bank Ltd. grew its holdings in shares of Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQH. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and upped their target price for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Finally, Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.91.

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.