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

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, October 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00.
• On Monday, September 16th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00.
• On Thursday, August 29th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00.

Equitable Stock Performance

EQH opened at $46.61 on Wednesday. Equitable Holdings, Inc. has a twelve month low of $28.02 and a twelve month high of $50.51. The firm has a market capitalization of $14.60 billion, a PE ratio of -42.76 and a beta of 1.40. The firm’s 50-day moving average price is $44.26 and its 200 day moving average price is $41.99. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $1.15 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.06%. Equitable’s payout ratio is currently -88.07%.

Analyst Ratings Changes

Several research analysts recently commented on EQH shares. Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup upped their price target on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley dropped their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Institutional Investors Weigh In On Equitable

A number of institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after acquiring an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Equitable in the second quarter valued at $110,176,000. Samlyn Capital LLC purchased a new position in Equitable during the 2nd quarter worth approximately $63,334,000. Principal Financial Group Inc. raised its holdings in shares of Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after buying an additional 721,028 shares during the last quarter. Finally, Swedbank AB purchased a new position in Equitable in the 1st quarter valued at $27,237,000. 92.70% of the stock is owned by institutional investors and hedge funds.

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.