Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nick Lane also recently made the following trade(s):
- On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00.
- On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00.
Equitable Price Performance
NYSE:EQH traded up $0.08 during mid-day trading on Friday, reaching $52.49. 2,625,934 shares of the company were exchanged, compared to its average volume of 2,409,793. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The company has a fifty day moving average of $52.66 and a 200 day moving average of $47.82. 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 stock has a market cap of $16.16 billion, a PE ratio of 13.72 and a beta of 1.39.
Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.
Equitable Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio is currently 25.13%.
Institutional Investors Weigh In On Equitable
Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted 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 last quarter. Bessemer Group Inc. boosted its stake 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. raised its holdings in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the period. 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 buying an additional 430 shares during the period. Finally, McIlrath & Eck LLC raised its holdings in Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after buying an additional 841 shares during the period. Institutional investors own 92.70% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on EQH. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. 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 note on Friday, February 28th. Morgan Stanley boosted their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Truist Financial boosted their target price 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. Finally, Wells Fargo & Company boosted their price target on shares of Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $57.75.
View Our Latest Stock Analysis on Equitable
About Equitable
(
Get Free Report)
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.
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