Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares of the company's stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Equitable stock traded up $0.48 on Monday, reaching $47.00. The company's stock had a trading volume of 2,367,260 shares, compared to its average volume of 2,516,616. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $50.51. The company has a market capitalization of $14.73 billion, a P/E ratio of -43.12 and a beta of 1.39. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average price of $46.71 and a 200-day moving average price of $43.09.
Equitable (NYSE:EQH - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business earned $1.15 earnings per share. The company's revenue for the quarter was down 15.1% compared to the same quarter last year. Analysts expect that Equitable Holdings, Inc. will post 6.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is -88.07%.
A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of Equitable from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, Barclays upped their price target on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $50.10.
Read Our Latest Report on EQH
Large investors have recently bought and sold shares of the business. Covestor Ltd grew its position in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Equitable during the third quarter worth $48,000. UMB Bank n.a. grew its holdings in Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after buying an additional 718 shares in the last quarter. Quarry LP increased its stake in shares of Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company's stock worth $97,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Equitable during the 2nd quarter worth $109,000. Hedge funds and other institutional investors own 92.70% of the company's stock.
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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