Equitable Holdings, Inc. (NYSE:EQH) Insider Seth P. Bernstein Sells 152,473 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the completion of the sale, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equitable Price Performance

EQH opened at $38.54 on Friday. The firm has a market capitalization of $12.63 billion, a PE ratio of 11.93 and a beta of 1.40. The business’s 50-day moving average is $36.26 and its two-hundred day moving average is $32.97. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $39.11.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. Equitable’s dividend payout ratio is presently 27.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Equitable by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after buying an additional 446,752 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Equitable by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after buying an additional 2,450,484 shares during the period. Norges Bank acquired a new stake in Equitable during the 4th quarter valued at approximately $606,630,000. Hsbc Holdings PLC boosted its holdings in shares of Equitable by 1,161.7% in the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after acquiring an additional 7,227,568 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Equitable by 0.3% in the fourth quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock worth $207,553,000 after acquiring an additional 18,475 shares during the period. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Truist Financial lifted their price objective on shares of Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group upped their target price on shares of Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.10.

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.