Nick Lane Sells 25,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nick Lane also recently made the following trade(s):

• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Stock Performance

EQH opened at $51.70 on Friday. 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’s 50 day moving average price is $47.86 and its two-hundred day moving average price is $44.17. The firm has a market capitalization of $16.20 billion, a P/E ratio of -47.43 and a beta of 1.39. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $52.04.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company posted $1.15 earnings per share. On average, equities analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio is currently -88.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently made changes to their positions in EQH. Zurich Insurance Group Ltd FI acquired a new position in Equitable in the 2nd quarter valued at approximately $110,176,000. Samlyn Capital LLC bought a new stake in shares of Equitable during the second quarter valued at approximately $63,334,000. Nordea Investment Management AB raised its stake in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after purchasing an additional 1,367,837 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Equitable by 1,092.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock worth $41,302,000 after purchasing an additional 802,160 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after buying an additional 539,904 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

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.