Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd Sells 9,969 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 9,969 shares of Equitable 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 transaction, the chief operating officer now owns 141,062 shares in the company, valued at $5,112,086.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Equitable Trading Up 0.1 %

Shares of EQH stock opened at $35.65 on Thursday. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 10.55 and a beta of 1.42. The stock’s fifty day simple moving average is $35.46 and its 200-day simple moving average is $32.17.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. Equitable’s payout ratio is 26.04%.

Institutional Trading of Equitable

A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Equitable in the fourth quarter worth about $553,559,000. Hsbc Holdings PLC lifted its position in shares of Equitable by 1,161.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock worth $262,692,000 after buying an additional 7,227,568 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Equitable by 1,734.1% in the first quarter. First Trust Advisors LP now owns 6,952,944 shares of the company’s stock worth $176,535,000 after buying an additional 6,573,857 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Equitable by 10.0% in the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after buying an additional 2,450,484 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Equitable by 94.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,723,505 shares of the company’s stock worth $115,094,000 after buying an additional 1,811,795 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQH. Keefe, Bruyette & Woods lifted their target price on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. Morgan Stanley lifted their target price on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group lifted their target price on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company lifted their target price on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Equitable Company Profile

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.