Short Interest in Equitable Holdings, Inc. (NYSE:EQH) Decreases By 31.8%

Equitable Holdings, Inc. (NYSE:EQHGet Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 5,880,000 shares, a decline of 31.8% from the January 15th total of 8,620,000 shares. Based on an average daily volume of 3,900,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.7% of the company’s shares are short sold.

Equitable Price Performance

Shares of EQH opened at $34.09 on Tuesday. The firm has a market cap of $11.54 billion, a PE ratio of 10.09 and a beta of 1.41. The stock’s fifty day moving average price is $33.04 and its two-hundred day moving average price is $29.81. Equitable has a 1 year low of $21.89 and a 1 year high of $34.80.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 27th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.58%. Equitable’s payout ratio is presently 26.04%.

Wall Street Analyst Weigh In

EQH has been the topic of several analyst reports. JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Jefferies Financial Group raised Equitable from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $37.00 in a research report on Monday, December 11th. Morgan Stanley cut their target price on Equitable from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods cut Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a research report on Tuesday, December 5th. Finally, Barclays cut their price objective on Equitable from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Read Our Latest Stock Analysis on EQH

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 7,000 shares of Equitable stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.59, for a total value of $242,130.00. Following the completion of the sale, the chief accounting officer now directly owns 20,318 shares in the company, valued at $702,799.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO William James Iv Eckert sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $34.59, for a total transaction of $242,130.00. Following the completion of the sale, the chief accounting officer now owns 20,318 shares in the company, valued at $702,799.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nick Lane sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $33.30, for a total value of $333,000.00. Following the sale, the insider now owns 159,132 shares of the company’s stock, valued at approximately $5,299,095.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,845 shares of company stock worth $5,669,433. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Equitable

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Equitable by 2.2% during 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 period. BlackRock Inc. raised its stake in shares of Equitable by 3.8% during 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 period. Pzena Investment Management LLC raised its stake in shares of Equitable by 10.0% during 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 period. Norges Bank bought a new stake in shares of Equitable during the 4th quarter valued at $553,559,000. Finally, State Street Corp raised its stake in shares of Equitable by 3.5% during 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 period. 92.70% of the stock is currently owned by institutional investors.

Equitable Company Profile

(Get Free Report)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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