Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the sale, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Equitable Stock Performance
Shares of EQH opened at $38.54 on Monday. The firm has a market cap of $12.63 billion, a PE ratio of 11.93 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $21.89 and a 52-week high of $39.11. The business’s 50 day moving average price is $36.26 and its two-hundred day moving average price is $33.03.
Equitable (NYSE:EQH – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Research analysts predict that Equitable Holdings, Inc. will post 6.06 EPS for the current fiscal year.
Equitable Dividend Announcement
Wall Street Analysts Forecast Growth
EQH has been the subject of several analyst reports. UBS Group raised their price target on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Evercore ISI lifted their target price on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley increased their price target on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Jefferies Financial Group lifted their price objective on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.
View Our Latest Stock Analysis on Equitable
Institutional Trading of Equitable
Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Equitable during the 4th quarter worth approximately $606,630,000. Hsbc Holdings PLC raised its position in shares of Equitable by 1,161.7% during the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock worth $262,692,000 after purchasing an additional 7,227,568 shares during the period. Pzena Investment Management LLC raised its position in shares of Equitable by 10.0% during the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after purchasing an additional 2,450,484 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Equitable by 1,105.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock worth $41,390,000 after purchasing an additional 1,139,814 shares in the last quarter. Finally, Northern Trust Corp grew its position in Equitable by 24.6% in the 4th quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock valued at $131,815,000 after purchasing an additional 781,426 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.
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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