Seth P. Bernstein Sells 152,473 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now owns 88,660 shares of the company’s stock, valued at $3,374,399.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Equitable Stock Performance

NYSE:EQH traded up $0.29 during midday trading on Friday, reaching $38.54. 2,627,156 shares of the stock traded hands, compared to its average volume of 2,647,254. The business has a 50-day moving average of $36.18 and a two-hundred day moving average of $32.89. Equitable Holdings, Inc. has a 12-month low of $21.89 and a 12-month high of $39.11. The stock has a market capitalization of $12.63 billion, a PE ratio of 11.84 and a beta of 1.40.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Research analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. Equitable’s dividend payout ratio (DPR) is currently 27.24%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Truist Financial increased their price target on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.10.

Institutional Trading of Equitable

A number of institutional investors have recently bought and sold shares of EQH. Lindbrook Capital LLC raised its holdings in shares of Equitable by 143.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after buying an additional 591 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Equitable by 126.2% in the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after acquiring an additional 704 shares during the period. GAMMA Investing LLC purchased a new position in shares of Equitable during the fourth quarter worth $50,000. Rise Advisors LLC lifted its position in Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock valued at $65,000 after purchasing an additional 1,592 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Equitable in the fourth quarter valued at $64,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.