Equitable Holdings, Inc. (NYSE:EQH) COO Sells $316,834.98 in Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Equitable Trading Down 0.6 %

Shares of Equitable stock opened at $47.65 on Friday. The stock has a market cap of $14.93 billion, a PE ratio of -43.72 and a beta of 1.40. The firm has a fifty day moving average price of $43.81 and a 200 day moving average price of $41.75. Equitable Holdings, Inc. has a 1 year low of $27.74 and a 1 year high of $50.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Equities research analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Hedge Funds Weigh In On Equitable

Several institutional investors have recently made changes to their positions in the company. Norden Group LLC acquired a new stake in Equitable during the first quarter valued at $212,000. GSA Capital Partners LLP acquired a new position in Equitable in the 1st quarter worth about $542,000. SG Americas Securities LLC increased its position in shares of Equitable by 672.4% in the first quarter. SG Americas Securities LLC now owns 72,390 shares of the company’s stock valued at $2,752,000 after buying an additional 63,018 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Equitable by 2.1% during the 1st quarter. Russell Investments Group Ltd. now owns 516,764 shares of the company’s stock worth $19,639,000 after buying an additional 10,733 shares during the period. Finally, US Bancorp DE lifted its position in shares of Equitable by 4.4% during the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock valued at $383,000 after buying an additional 423 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of recent research reports. Barclays raised their price objective on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Citigroup boosted their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average target price of $48.70.

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.