Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the transaction, the insider now owns 141,629 shares in the company, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Equitable Stock Up 1.4 %
Shares of NYSE:EQH opened at $44.98 on Friday. Equitable Holdings, Inc. has a 12 month low of $31.76 and a 12 month high of $50.51. 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 price is $46.66 and its two-hundred day moving average price is $43.01. The firm has a market cap of $14.09 billion, a P/E ratio of -41.27 and a beta of 1.38.
Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate 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 analysts' expectations of $3.78 billion. During the same period in the previous year, the business posted $1.15 EPS. The company's quarterly revenue was down 15.1% compared to the same quarter last year. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.
Equitable Dividend Announcement
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The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is -88.07%.
Analyst Upgrades and Downgrades
Several research firms recently commented on EQH. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Barclays lifted their price objective on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.10.
View Our Latest Stock Analysis on Equitable
Institutional Investors Weigh In On Equitable
Several large investors have recently modified their holdings of the business. Covestor Ltd lifted its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after buying an additional 246 shares in the last quarter. LRI Investments LLC raised its position in Equitable by 892.9% in the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company's stock valued at $45,000 after buying an additional 1,000 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Equitable during the 3rd quarter worth about $48,000. UMB Bank n.a. grew its stake in Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after purchasing an additional 718 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Equitable by 623.5% in the second quarter. Quarry LP now owns 2,366 shares of the company's stock valued at $97,000 after buying an additional 2,039 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.
Equitable Company Profile
(
Get Free Report)
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.
Further Reading
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