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

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Trading Up 1.4 %

EQH opened at $41.37 on Wednesday. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 12.81 and a beta of 1.42. The company’s 50 day moving average price is $40.89 and its two-hundred day moving average price is $39.33.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 47.7% on a year-over-year basis. As a group, research analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

Institutional Investors Weigh In On Equitable

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Equitable by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after purchasing an additional 446,752 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Equitable by 3.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after acquiring an additional 637,916 shares during the period. Norges Bank acquired a new position in shares of Equitable during the 4th quarter valued at $606,630,000. Hsbc Holdings PLC lifted its position in shares of Equitable by 1,161.7% during 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 period. Finally, First Trust Advisors LP lifted its position in shares of Equitable by 0.3% during the 4th quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock valued at $207,553,000 after acquiring an additional 18,475 shares during the period. 92.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EQH. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Citigroup lifted 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 decreased their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Barclays initiated coverage on shares of Equitable in a report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus target price of $46.64.

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.