Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd Sells 6,666 Shares

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at approximately $5,002,342.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Equitable Price Performance

Shares of Equitable stock opened at $47.92 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 52 week low of $26.96 and a 52 week high of $50.51. The stock’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $41.70. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of -43.96 and a beta of 1.40.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. As a group, analysts expect that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EQH. Truist Financial raised their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup lifted their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Barclays upped their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Hedge Funds Weigh In On Equitable

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd lifted its stake in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares in the last quarter. &PARTNERS boosted its stake in Equitable by 0.7% during the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after buying an additional 254 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in Equitable by 4.8% during the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock valued at $233,000 after buying an additional 280 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after acquiring an additional 332 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Equitable by 4.4% during the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock worth $383,000 after acquiring an additional 423 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.