Equitable Holdings Inc (NYSE:EQH) Director George Stansfield acquired 2,500 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of $10.41 per share, for a total transaction of $26,025.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $52,050. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE EQH opened at $15.80 on Friday. The business’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $22.77. The company has a market cap of $7.09 billion, a PE ratio of -4.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40. Equitable Holdings Inc has a twelve month low of $9.89 and a twelve month high of $27.30.
Equitable (NYSE:EQH) last announced its quarterly earnings results on Thursday, February 27th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.19. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $3.23 billion. Equities analysts forecast that Equitable Holdings Inc will post 4.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, March 6th. Equitable’s dividend payout ratio (DPR) is presently 12.37%.
Institutional investors have recently bought and sold shares of the company. Banco Santander S.A. acquired a new position in shares of Equitable in the fourth quarter valued at approximately $764,000. Public Employees Retirement System of Ohio grew its position in shares of Equitable by 12.6% in the third quarter. Public Employees Retirement System of Ohio now owns 126,455 shares of the company’s stock valued at $2,802,000 after purchasing an additional 14,182 shares during the last quarter. Man Group plc grew its position in shares of Equitable by 180.1% in the third quarter. Man Group plc now owns 1,339,222 shares of the company’s stock valued at $29,677,000 after purchasing an additional 861,083 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Equitable by 365.5% in the third quarter. Voya Investment Management LLC now owns 451,551 shares of the company’s stock valued at $10,006,000 after buying an additional 354,545 shares during the period. Finally, Squarepoint Ops LLC grew its position in Equitable by 20.2% during the third quarter. Squarepoint Ops LLC now owns 77,127 shares of the company’s stock worth $1,709,000 after buying an additional 12,936 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.
EQH has been the topic of a number of research analyst reports. Zacks Investment Research lowered Equitable from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. ValuEngine downgraded Equitable from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Co raised Equitable from an “equal weight” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Monday, January 6th. Morgan Stanley dropped their price target on Equitable from $29.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Finally, Royal Bank of Canada cut Equitable from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $27.00 to $20.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.88.
Equitable Company Profile
Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.
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