Equitable Holdings, Inc. (NYSE:EQH) COO Sells $361,276.56 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $361,276.56. Following the completion of the sale, the chief operating officer now directly owns 141,062 shares in the company, valued at $5,112,086.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Equitable Trading Up 0.6 %

EQH stock traded up $0.21 during trading hours on Wednesday, hitting $35.84. 1,207,483 shares of the stock traded hands, compared to its average volume of 2,653,519. The stock has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $32.15. Equitable Holdings, Inc. has a one year low of $21.89 and a one year high of $38.44. The company has a market cap of $11.74 billion, a P/E ratio of 10.54 and a beta of 1.42.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. Analysts forecast that Equitable Holdings, Inc. will post 6 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.46%. Equitable’s dividend payout ratio (DPR) is 26.04%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. UBS Group increased their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Evercore ISI increased their price target on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods increased their price target on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Hedge Funds Weigh In On Equitable

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Equitable by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock valued at $1,240,838,000 after purchasing an additional 854,689 shares during the period. BlackRock Inc. lifted its stake in Equitable by 3.8% in the 1st quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock worth $849,159,000 after acquiring an additional 1,223,193 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Equitable by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after acquiring an additional 2,450,484 shares in the last quarter. Norges Bank purchased a new stake in Equitable in the 4th quarter worth about $553,559,000. Finally, State Street Corp lifted its stake in Equitable by 3.5% in the 1st quarter. State Street Corp now owns 9,933,563 shares of the company’s stock worth $252,213,000 after acquiring an additional 336,694 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.