Jeffrey J. Hurd Sells 6,666 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $352,698.06. Following the transaction, the chief operating officer now owns 94,980 shares of the company’s stock, valued at $5,025,391.80. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Equitable Trading Up 1.3%

NYSE:EQH opened at $53.56 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $16.28 billion, a PE ratio of 14.02 and a beta of 1.15. The firm’s 50 day moving average is $50.17 and its 200 day moving average is $49.98. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company’s revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. Sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Institutional Investors Weigh In On Equitable

A number of hedge funds and other institutional investors have recently bought and sold shares of EQH. Norges Bank bought a new stake in Equitable during the 4th quarter valued at $668,250,000. Wellington Management Group LLP raised its holdings in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the period. Boston Partners bought a new stake in Equitable during the 1st quarter valued at $108,264,000. Allspring Global Investments Holdings LLC raised its holdings in Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock valued at $110,286,000 after acquiring an additional 2,071,691 shares during the period. Finally, Nuveen LLC bought a new stake in Equitable during the 1st quarter valued at $99,319,000. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the subject of a number of analyst reports. UBS Group upgraded Equitable from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Truist Financial lifted their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Morgan Stanley dropped their target price on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Evercore ISI dropped their target price on shares of Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.08.

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.