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 business’s stock in a transaction on Monday, April 15th. The shares were 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 owns 141,062 shares in the company, valued at approximately $5,112,086.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Equitable Trading Up 0.6 %

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

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 6 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s payout ratio is currently 26.04%.

Hedge Funds Weigh In On Equitable

Several hedge funds have recently bought and sold shares of EQH. Vanguard Group Inc. raised its stake in 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 last quarter. BlackRock Inc. raised its stake in Equitable by 3.8% in the 1st quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock valued at $849,159,000 after purchasing an additional 1,223,193 shares during the last quarter. Pzena Investment Management LLC raised 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 valued at $763,764,000 after purchasing an additional 2,450,484 shares during the last quarter. Norges Bank acquired a new position in Equitable in the 4th quarter valued at about $553,559,000. Finally, State Street Corp raised 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 valued at $252,213,000 after purchasing an additional 336,694 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQH. Keefe, Bruyette & Woods boosted their price objective on Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Morgan Stanley upped their price target on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group upped their price target on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, UBS Group upped their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

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.