Equitable Holdings, Inc. (NYSE:EQH) COO Sells $361,276.56 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.24, for a total transaction of $361,276.56. Following the transaction, the chief operating officer now owns 141,062 shares in the company, valued at approximately $5,112,086.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Equitable Trading Up 0.9 %

Equitable stock opened at $36.57 on Friday. The firm has a 50 day moving average of $35.57 and a 200 day moving average of $32.26. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 10.82 and a beta of 1.42. Equitable Holdings, Inc. has a 12-month low of $21.89 and a 12-month high of $38.44.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. On average, analysts predict that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio is 26.04%.

Institutional Investors Weigh In On Equitable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its holdings in Equitable by 9.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 9,161 shares of the company’s stock worth $348,000 after acquiring an additional 788 shares in the last quarter. Norden Group LLC purchased a new stake in Equitable during the 1st quarter valued at approximately $212,000. State of Michigan Retirement System grew its holdings in Equitable by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 84,486 shares of the company’s stock valued at $3,211,000 after buying an additional 800 shares in the last quarter. Tributary Capital Management LLC grew its holdings in Equitable by 40.0% during the 1st quarter. Tributary Capital Management LLC now owns 10,500 shares of the company’s stock valued at $399,000 after buying an additional 3,000 shares in the last quarter. Finally, Capital Insight Partners LLC grew its holdings in Equitable by 42.3% during the 1st quarter. Capital Insight Partners LLC now owns 17,172 shares of the company’s stock valued at $653,000 after buying an additional 5,104 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EQH has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company upped their target price on shares of Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group upped their target price on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered shares of Equitable from an “overweight” rating to a “neutral” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.67.

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.