Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) Director Craig Mackay sold 2,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $54.27, for a total transaction of $108,540.00. Following the sale, the director directly owned 16,999 shares in the company, valued at $922,535.73. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Equitable Stock Performance
Shares of NYSE EQH traded down $0.04 during midday trading on Friday, hitting $54.00. The company’s stock had a trading volume of 12,691,661 shares, compared to its average volume of 3,619,953. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a 1-year low of $35.19 and a 1-year high of $55.15. The firm’s fifty day moving average price is $50.40 and its 200-day moving average price is $44.48. The firm has a market cap of $14.74 billion, a P/E ratio of -16.31, a P/E/G ratio of 0.53 and a beta of 1.10.
Equitable (NYSE:EQH – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equitable’s quarterly revenue was down 29.8% on a year-over-year basis. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current fiscal year.
Equitable Announces Dividend
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Mizuho set a $68.00 target price on Equitable in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $66.00 price target on shares of Equitable in a report on Thursday, August 20th. Wells Fargo & Company upped their price target on shares of Equitable from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $61.82.
Get Our Latest Stock Analysis on Equitable
Institutional Investors Weigh In On Equitable
Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in Equitable by 124.7% in the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after acquiring an additional 404 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Equitable in the 2nd quarter worth approximately $33,000. Root Financial Partners LLC grew its stake in shares of Equitable by 64.1% in the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after purchasing an additional 347 shares during the last quarter. Essential Partners LLC raised its holdings in shares of Equitable by 245.2% in the 1st quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock worth $40,000 after purchasing an additional 770 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Equitable during the second quarter valued at approximately $55,000. 92.70% of the stock is currently owned by institutional investors.
About Equitable
Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
Featured Stories
- Five stocks we like better than Equitable
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.
