Jeffrey J. Hurd Sells 9,969 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) COO Jeffrey J. Hurd sold 9,969 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $361,276.56. Following the completion of the transaction, the chief operating officer now owns 141,062 shares of the company's stock, valued at approximately $5,112,086.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Equitable Stock Up 0.1 %

Shares of EQH traded up $0.02 during trading hours on Wednesday, reaching $35.65. The stock had a trading volume of 2,042,909 shares, compared to its average volume of 2,665,972. The company has a market cap of $11.68 billion, a P/E ratio of 10.58 and a beta of 1.42. Equitable Holdings, Inc. has a 52 week low of $21.89 and a 52 week high of $38.44. The firm has a 50-day moving average of $35.42 and a 200 day moving average of $32.15.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. As a group, equities analysts expect that Equitable Holdings, Inc. will post 6 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders 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 yield of 2.47%. Equitable's dividend payout ratio (DPR) is currently 26.04%.

Analysts Set New Price Targets

A number of brokerages recently commented on EQH. Keefe, Bruyette & Woods lifted their price objective on Equitable from $39.00 to $41.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. UBS Group boosted their price target on shares of Equitable from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of Equitable from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Evercore ISI upped their target price on shares of Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut Equitable from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EQH. Vanguard Group Inc. lifted its position in Equitable by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company's stock valued at $1,240,838,000 after acquiring an additional 854,689 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Equitable by 3.8% in the first quarter. BlackRock Inc. now owns 33,444,638 shares of the company's stock valued at $849,159,000 after purchasing an additional 1,223,193 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Equitable by 10.0% during the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company's stock worth $763,764,000 after buying an additional 2,450,484 shares during the period. Norges Bank bought a new position in shares of Equitable during the fourth quarter worth about $553,559,000. Finally, State Street Corp raised its position in Equitable by 3.5% in the 1st quarter. State Street Corp now owns 9,933,563 shares of the company's stock valued at $252,213,000 after buying an additional 336,694 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

About Equitable

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.