William James Iv Eckert Sells 4,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CAO William James Iv Eckert sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer now owns 19,827 shares of the company's stock, valued at approximately $1,052,615.43. The trade was a 16.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Equitable Trading Up 3.1%

Equitable stock traded up $1.67 during mid-day trading on Thursday, reaching $56.08. 2,613,638 shares of the company traded hands, compared to its average volume of 2,556,826. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. The firm's 50 day moving average price is $52.15 and its 200 day moving average price is $51.14. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 15.24 and a beta of 1.15. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.16.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. The firm's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.93%. Equitable's dividend payout ratio is currently 29.35%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company upped their price target on shares of Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley upped their price target on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Evercore ISI lowered their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.67.

Institutional Trading of Equitable

A number of hedge funds and other institutional investors have recently modified their holdings of EQH. MV Capital Management Inc. purchased a new stake in shares of Equitable in the 1st quarter worth about $26,000. WPG Advisers LLC purchased a new stake in shares of Equitable in the 1st quarter worth about $27,000. Bessemer Group Inc. grew its position in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Equitable in the 1st quarter worth about $33,000. Finally, Assetmark Inc. grew its position in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.