Nick Lane Sells 25,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the sale, the insider now directly owns 121,629 shares of the company’s stock, valued at $6,282,137.85. The trade was a 17.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Price Performance

Shares of NYSE:EQH opened at $51.70 on Friday. Equitable Holdings, Inc. has a 1-year low of $31.76 and a 1-year high of $52.04. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The business has a fifty day moving average price of $47.86 and a 200-day moving average price of $44.19. The company has a market capitalization of $16.20 billion, a PE ratio of -47.43 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting 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 the consensus estimate of $3.78 billion. During the same period last year, the company earned $1.15 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.86%. Equitable’s payout ratio is -88.07%.

Institutional Investors Weigh In On Equitable

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares in the last quarter. Covestor Ltd increased its holdings in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in Equitable in the 3rd quarter worth about $48,000. UMB Bank n.a. increased its holdings in Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after buying an additional 718 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Equitable by 298.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after buying an additional 1,265 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.18.

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.