William James Iv Eckert Sells 3,500 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Equitable Trading Down 0.8 %

NYSE:EQH opened at $42.11 on Friday. The company’s 50 day moving average is $40.90 and its 200-day moving average is $39.52. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $44.50. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 13.04 and a beta of 1.42.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. Equitable’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. Equitable’s dividend payout ratio is presently 29.72%.

Institutional Trading of Equitable

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Equitable by 261.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after buying an additional 1,641 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Equitable during the 4th quarter valued at $362,000. Trexquant Investment LP bought a new stake in Equitable in the 4th quarter valued at $834,000. Franklin Resources Inc. grew its position in Equitable by 127.8% in the 4th quarter. Franklin Resources Inc. now owns 210,673 shares of the company’s stock worth $7,015,000 after purchasing an additional 118,178 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in Equitable by 19.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 69,671 shares of the company’s stock worth $2,320,000 after purchasing an additional 11,508 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQH. JPMorgan Chase & Co. lifted their price objective on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group boosted their price target on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Citigroup raised their price objective on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Barclays began coverage on shares of Equitable in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 target price for the company. Finally, Truist Financial increased their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus price target of $46.64.

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.