Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Nick Lane also recently made the following trade(s):
- On Friday, March 14th, Nick Lane sold 5,000 shares of Equitable stock. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00.
Equitable Stock Performance
Shares of Equitable stock opened at $46.44 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm's 50 day moving average is $51.40 and its two-hundred day moving average is $49.00. The firm has a market capitalization of $14.25 billion, a P/E ratio of 12.16 and a beta of 1.23. Equitable Holdings, Inc. has a 52 week low of $35.51 and a 52 week high of $56.00.
Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.
Equitable Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is presently 25.13%.
Wall Street Analysts Forecast Growth
EQH has been the subject of several research analyst reports. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Barclays raised their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, February 28th. Morgan Stanley reduced their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group raised Equitable from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.91.
Check Out Our Latest Stock Analysis on Equitable
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after buying an additional 209 shares in the last quarter. Truist Financial Corp grew its holdings in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after acquiring an additional 257 shares during the period. Jones Financial Companies Lllp raised its position in Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after acquiring an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC lifted its holdings in Equitable by 7.0% in the fourth quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock valued at $202,000 after acquiring an additional 278 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.
About Equitable
(
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.
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