Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) COO Jeffrey J. Hurd sold 9,969 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the completion of the sale, the chief operating officer now owns 141,062 shares in the company, valued at approximately $5,112,086.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Equitable Trading Up 0.6 %
Shares of EQH traded up $0.21 during mid-day trading on Wednesday, hitting $35.84. The company’s stock had a trading volume of 1,207,483 shares, compared to its average volume of 2,653,519. The firm has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $32.15. The firm has a market capitalization of $11.74 billion, a P/E ratio of 10.54 and a beta of 1.42. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44.
Equitable (NYSE:EQH – Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 6 EPS for the current fiscal year.
Equitable Announces Dividend
Hedge Funds Weigh In On Equitable
Several hedge funds have recently bought and sold shares of EQH. Vanguard Group Inc. raised its stake 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 purchasing an additional 854,689 shares during the last quarter. BlackRock Inc. raised its stake in Equitable by 3.8% in the 1st 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 during the last quarter. Pzena Investment Management LLC raised its stake in Equitable by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock valued at $763,764,000 after purchasing an additional 2,450,484 shares during the last quarter. Norges Bank acquired a new position in Equitable in the 4th quarter valued at about $553,559,000. Finally, State Street Corp raised its stake 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 purchasing an additional 336,694 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently issued reports on EQH. Keefe, Bruyette & Woods boosted their price objective on Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Morgan Stanley upped their price target on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group upped their price target on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, UBS Group upped their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and six 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 $39.67.
Read Our Latest Stock Analysis on EQH
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.
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