Nick Lane Sells 5,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now owns 139,073 shares of the company’s stock, valued at $6,615,702.61. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 14th, Nick Lane sold 5,000 shares of Equitable stock. The stock was sold at an average price of $51.12, for a total value of $255,600.00.

Equitable Price Performance

NYSE EQH opened at $46.88 on Friday. The company has a 50-day moving average price of $51.26 and a two-hundred day moving average price of $49.03. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 12.27 and a beta of 1.23. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52 week low of $35.77 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Hedge Funds Weigh In On Equitable

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Equitable in the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP raised its holdings in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after purchasing an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB lifted its position in Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after purchasing an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC boosted its stake in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after purchasing an additional 1,261,466 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Equitable by 237.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock valued at $82,955,000 after purchasing an additional 1,236,799 shares during the period. Institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Morgan Stanley dropped their target price on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Truist Financial boosted their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.91.

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.