Insider Selling: Equitable (NYSE:EQH) CFO Sells 36,888 Shares of Stock

Key Points

• Equitable Holdings' CFO Robin Raju sold 36,888 shares of stock for approximately $1.99 million, representing a 20.82% decrease in his position.
• The company's shares recently traded at $54.06, with analysts maintaining a consensus rating of "Buy" and a target price of $64.55.
• Equitable recently declared a quarterly dividend of $0.27 per share, resulting in an annualized yield of 2.0% with a payout ratio of 87.10%.

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CFO Robin Raju sold 36,888 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares of the company's stock, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Equitable Stock Up 0.0%

Shares of EQH stock traded up $0.01 on Tuesday, hitting $54.06. 2,593,731 shares of the stock were exchanged, compared to its average volume of 2,835,467. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The firm has a market capitalization of $16.19 billion, a P/E ratio of 43.59 and a beta of 1.16. Equitable Holdings, Inc. has a fifty-two week low of $40.81 and a fifty-two week high of $56.61. The business has a 50-day moving average of $52.78 and a 200 day moving average of $52.11.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 annualized dividend and a yield of 2.0%. Equitable's payout ratio is presently 87.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQH. Toronto Dominion Bank increased its holdings in shares of Equitable by 87.9% during the fourth quarter. Toronto Dominion Bank now owns 84,148 shares of the company's stock worth $3,969,000 after purchasing an additional 39,354 shares during the period. Forum Financial Management LP bought a new position in shares of Equitable during the fourth quarter worth approximately $208,000. American Trust bought a new position in shares of Equitable during the fourth quarter worth approximately $222,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Equitable during the fourth quarter worth approximately $8,909,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Equitable by 267.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,601 shares of the company's stock worth $1,302,000 after purchasing an additional 20,095 shares during the period. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EQH shares. Morgan Stanley reduced their price objective on shares of Equitable from $68.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Wolfe Research upgraded shares of Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. UBS Group reduced their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company dropped their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of "Buy" and a consensus target price of $64.55.

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.

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