Equitable Holdings Inc (NYSE: EQH) is 12.88% higher on its value in year-to-date trading and has touched a low of $21.89 and a high of $38.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQH stock was last observed hovering at around $37.82 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $37.59, the stock is 2.72% and 7.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing -0.61% at the moment leaves the stock 23.10% off its SMA200. EQH registered 52.62% gain for a year compared to 6-month gain of 37.09%. The firm has a 50-day simple moving average (SMA 50) of $1.09.
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The stock witnessed a 11.88% loss in the last 1 month and extending the period to 3 months gives it a 13.26%, and is 0.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 1.75% over the month.
Equitable Holdings Inc (EQH) has around 8500 employees, a market worth around $12.39B and $12.34B in sales. Current P/E ratio is 11.13 and Fwd P/E is 5.26. Profit margin for the company is 9.91%. Distance from 52-week low is 71.72% and -2.21% from its 52-week high. The company has generated returns on investments over the last 12 months (17.34%).
Equitable Holdings Inc quarterly earnings per share for the current quarter are estimated at $1.36 with sales reaching $3.73B over the same period.The EPS is expected to grow by 30.96% this year, but quarterly earnings will post 45.50% year-over-year. Quarterly sales are estimated to grow 58.20% in year-over-year returns.
Equitable Holdings Inc (EQH) Top Institutional Holders
622 institutions hold shares in Equitable Holdings Inc (EQH), with institutional investors hold 103.37% of the company’s shares. The shares outstanding are 333.88M, and float is at 328.14M with Short Float at 1.10%. Institutions hold 102.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 37.16 million shares valued at $1.01 billion. The investor’s holdings represent 10.70% of the EQH Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 33.98 million shares valued at $922.98 million to account for 9.78% of the shares outstanding. The other top investors are Blackrock Inc. which holds 29.73 million shares representing 8.56% and valued at over $807.49 million, while Pzena Investment Management Llc holds 7.04% of the shares totaling 24.45 million with a market value of $664.12 million.
Equitable Holdings Inc (EQH) Insider Activity
The most recent transaction is an insider sale by Pearson Mark,the company’sPresident and CEO. SEC filings show that Pearson Mark sold 30,000 shares of the company’s common stock on Apr 01 ’24 at a price of $37.66 per share for a total of $1.13 million. Following the sale, the insider now owns 0.7 million shares.
Equitable Holdings Inc disclosed in a document filed with the SEC on Mar 18 ’24 that SCOTT BERTRAM L (Director) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $35.29 per share for $0.25 million. Following the transaction, the insider now directly holds 20902.0 shares of the EQH stock.
Still, SEC filings show that on Mar 15 ’24, HURD JEFFREY J (Chief Operating Officer) disposed off 9,969 shares at an average price of $35.32 for $0.35 million. The insider now directly holds 151,031 shares of Equitable Holdings Inc (EQH).
