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 that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the sale, the insider now owns 141,629 shares of the company’s stock, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Equitable Stock Up 3.4 %

EQH opened at $46.52 on Friday. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of -42.68 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm’s 50-day simple moving average is $46.66 and its 200-day simple moving average is $43.01. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $50.51.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities research analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.06%. Equitable’s dividend payout ratio is -88.07%.

Wall Street Analyst Weigh In

EQH has been the subject of several research reports. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Barclays raised their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and an average price target of $50.10.

Hedge Funds Weigh In On Equitable

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the last quarter. LRI Investments LLC increased its position in Equitable by 892.9% in the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after acquiring an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the third quarter worth about $48,000. UMB Bank n.a. lifted its position in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Equitable by 623.5% during the second quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.