Equitable Holdings Inc (NYSE: EQH) is 23.30% higher on its value in year-to-date trading and has touched a low of $24.65 and a high of $44.50 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 $41.35 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $41.06, the stock is 2.15% and 0.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing -0.70% at the moment leaves the stock 11.45% off its SMA200. EQH registered 40.66% gain for a year compared to 6-month gain of 21.62%.
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The stock witnessed a 10.82% loss in the last 1 month and extending the period to 3 months gives it a 2.19%, and is -2.12% down 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 1.89% over the week and 2.05% over the month.
Equitable Holdings Inc (EQH) has around 8500 employees, a market worth around $13.13B and $13.62B in sales. Current P/E ratio is 17.12 and Fwd P/E is 5.73. Profit margin for the company is 6.08%. Distance from 52-week low is 66.57% and -7.73% from its 52-week high. The company has generated returns on investments over the last 12 months (15.13%).
Equitable Holdings Inc quarterly earnings per share for the current quarter are estimated at 1.55 with sales reaching $3.84B over the same period.The EPS is expected to grow by 31.42% this year, but quarterly earnings will post 47.30% year-over-year. Quarterly sales are estimated to grow 6.00% in year-over-year returns.
715.0 institutions hold shares in Equitable Holdings Inc (EQH), with institutional investors hold 99.04% of the company’s shares. The shares outstanding are 333.88M, and float is at 318.27M with Short Float at 1.51%. Institutions hold 98.57% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.36 million shares valued at $1.49 billion. The investor’s holdings represent 11.0114 of the EQH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 26.33 million shares valued at $1.08 billion to account for 7.9728 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 21.08 million shares representing 6.3827 and valued at over $861.15 million, while CANADA PENSION PLAN INVESTMENT BOARD holds 5.649 of the shares totaling 18.65 million with a market value of $762.16 million.
Equitable Holdings Inc (EQH) Insider Activity
The most recent transaction is an insider sale by Pearson Mark, the company’s President and CEO. SEC filings show that Pearson Mark sold 30,000 shares of the company’s common stock on Aug 29 ’24 at a price of $42.20 per share for a total of $1.27 million. Following the sale, the insider now owns 0.68 million shares.
Still, SEC filings show that on Jul 15 ’24, HURD JEFFREY J (Chief Operating Officer) disposed off 9,969 shares at an average price of $43.09 for $0.43 million. The insider now directly holds 111,552 shares of Equitable Holdings Inc (EQH).
