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 the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00.
• 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 transaction of $1,146,000.00.

Equitable Trading Up 1.8 %

EQH traded up $0.93 during midday trading on Monday, reaching $52.20. 3,795,319 shares of the company were exchanged, compared to its average volume of 2,407,396. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market capitalization of $16.07 billion, a P/E ratio of 13.66 and a beta of 1.39. The stock’s 50-day simple moving average is $52.42 and its 200 day simple moving average is $47.62. Equitable Holdings, Inc. has a one year low of $35.18 and a one year high of $56.00.

Equitable (NYSE:EQH) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. As a group, analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 1.84%. The ex-dividend date was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EQH. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Institutional Trading of Equitable

Several hedge funds have recently added to or reduced their stakes in EQH. Versant Capital Management Inc increased its stake in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. lifted its position in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. Mizuho Bank Ltd. boosted its stake in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares during the period. Finally, McIlrath & Eck LLC boosted its stake in Equitable by 154.3% in the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company’s stock worth $65,000 after purchasing an additional 841 shares during the period. 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.