Nick Lane Sells 5,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the transaction, the insider now owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47 % 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 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 value of $255,600.00.

Equitable Price Performance

EQH stock opened at $46.88 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $36.18 and a 1 year high of $56.00. The firm has a 50-day moving average of $51.12 and a 200 day moving average of $49.06. The company has a market cap of $14.38 billion, a P/E ratio of 12.27 and a beta of 1.23.

Equitable (NYSE:EQH) last announced its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is presently 25.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EQH. Norges Bank purchased a new stake in Equitable in the fourth quarter worth about $668,250,000. Wellington Management Group LLP grew its stake in shares of Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after buying an additional 3,303,449 shares during the last quarter. Nordea Investment Management AB increased its position in Equitable by 700.3% during the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after buying an additional 1,261,466 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Equitable by 237.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock worth $82,955,000 after acquiring an additional 1,236,799 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EQH shares. Truist Financial raised their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Morgan Stanley decreased their price objective on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.91.

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.