Equitable Holdings, Inc. (NYSE:EQH – Get Rating) – Jefferies Financial Group raised their FY2022 earnings per share estimates for shares of Equitable in a research note issued to investors on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now expects that the company will post earnings of $5.25 per share for the year, up from their previous forecast of $5.05. The consensus estimate for Equitable’s current full-year earnings is $5.26 per share.
Equitable (NYSE:EQH – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.15. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.21 billion.
Equitable Price Performance
Shares of EQH stock opened at $31.28 on Thursday. The stock has a market cap of $11.57 billion, a P/E ratio of 4.37 and a beta of 1.44. The company has a fifty day moving average price of $29.07 and a two-hundred day moving average price of $28.55. Equitable has a one year low of $24.61 and a one year high of $37.13.
Equitable Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, November 25th. Equitable’s dividend payout ratio is 11.19%.
Insider Buying and Selling at Equitable
In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $30.02, for a total transaction of $900,600.00. Following the transaction, the chief executive officer now directly owns 445,307 shares of the company’s stock, valued at $13,368,116.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Bertram L. Scott sold 7,300 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $29.87, for a total transaction of $218,051.00. Following the sale, the director now directly owns 21,429 shares of the company’s stock, valued at approximately $640,084.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $30.02, for a total value of $900,600.00. Following the completion of the transaction, the chief executive officer now owns 445,307 shares in the company, valued at approximately $13,368,116.14. The disclosure for this sale can be found here. Insiders sold 97,300 shares of company stock valued at $2,925,851 in the last quarter. Company insiders own 0.98% of the company’s stock.
Institutional Investors Weigh In On Equitable
A number of large investors have recently bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Equitable by 0.4% in the 1st quarter. Arizona State Retirement System now owns 101,403 shares of the company’s stock valued at $3,134,000 after buying an additional 368 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Equitable by 65.3% in the 1st quarter. National Bank of Canada FI now owns 203,070 shares of the company’s stock valued at $6,354,000 after purchasing an additional 80,225 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Equitable by 16.9% in the 1st quarter. IFM Investors Pty Ltd now owns 76,752 shares of the company’s stock valued at $2,372,000 after purchasing an additional 11,077 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Equitable during the 1st quarter worth $2,876,000. Finally, Kendall Capital Management lifted its position in shares of Equitable by 3.5% during the 1st quarter. Kendall Capital Management now owns 86,424 shares of the company’s stock worth $2,671,000 after buying an additional 2,917 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.
Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.
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