Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson Sells 30,000 Shares

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mark Pearson also recently made the following trade(s):

• On Wednesday, January 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00.

Equitable Stock Down 1.4 %

Equitable stock opened at $51.55 on Wednesday. The stock has a market cap of $15.87 billion, a PE ratio of 13.49 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a one year low of $35.48 and a one year high of $56.00. The stock has a fifty day moving average of $52.52 and a 200 day moving average of $47.76.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company boosted their price target on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their price target on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Barclays boosted their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.75.

Institutional Trading of Equitable

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after buying an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Equitable in the fourth quarter worth about $295,000. Principal Financial Group Inc. boosted its stake in shares of Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after acquiring an additional 148,180 shares during the period. Vest Financial LLC boosted its stake in shares of Equitable by 11.7% in the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after acquiring an additional 78,725 shares during the period. Finally, Qsemble Capital Management LP boosted its stake in shares of Equitable by 902.4% in the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock worth $3,298,000 after acquiring an additional 70,629 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Company Profile

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.