Jeffrey J. Hurd Sells 6,666 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total value of $352,698.06. Following the completion of the transaction, the chief operating officer now owns 94,980 shares of the company’s stock, valued at $5,025,391.80. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Equitable Stock Performance

EQH stock opened at $53.56 on Friday. The stock has a 50-day moving average price of $50.17 and a 200-day moving average price of $49.98. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.28 billion, a PE ratio of 14.02 and a beta of 1.15.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $1.43 earnings per share. The business’s revenue was up 105.2% on a year-over-year basis. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Institutional Trading of Equitable

Large investors have recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new stake in Equitable in the 4th quarter valued at about $295,000. Vest Financial LLC increased its position in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after buying an additional 78,725 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Equitable in the 4th quarter valued at about $29,939,000. APG Asset Management N.V. bought a new stake in Equitable in the 4th quarter valued at about $7,512,000. Finally, Smith Group Asset Management LLC bought a new stake in Equitable in the 4th quarter valued at about $305,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price target on Equitable from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial raised their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their target price on Equitable from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Morgan Stanley lowered their target price on Equitable from $68.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. raised their target price on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and an average price target of $61.08.

About Equitable

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.