Equitable Holdings, Inc. (NYSE:EQH) CAO Sells $79,356.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Equitable Stock Performance

NYSE EQH opened at $47.37 on Thursday. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $50.51. The firm has a market cap of $14.84 billion, a P/E ratio of -43.46 and a beta of 1.38. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The company’s 50 day moving average is $46.89 and its 200-day moving average is $43.21.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, November 26th. Equitable’s dividend payout ratio is presently -88.07%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays increased their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and increased their price target for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average price target of $50.10.

Institutional Investors Weigh In On Equitable

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd grew its position in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after acquiring an additional 332 shares during the last quarter. Creative Planning raised its holdings in shares of Equitable by 3.6% in the 3rd quarter. Creative Planning now owns 13,541 shares of the company’s stock valued at $569,000 after acquiring an additional 476 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Equitable by 11.6% during the 2nd quarter. Fifth Third Bancorp now owns 4,615 shares of the company’s stock valued at $189,000 after acquiring an additional 479 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Equitable by 2.3% during the second quarter. United Services Automobile Association now owns 23,499 shares of the company’s stock worth $960,000 after purchasing an additional 534 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.