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 dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 16th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $47.31, for a total transaction of $1,419,300.00.
• On Friday, November 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00.

Equitable Stock Performance

Shares of EQH opened at $51.70 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $47.86 and a 200-day moving average of $44.17. The company has a market cap of $16.20 billion, a PE ratio of -47.43 and a beta of 1.39. Equitable Holdings, Inc. has a one year low of $31.76 and a one year high of $52.04.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The business’s revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid 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 Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

Wall Street Analyst Weigh In

EQH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently added to or reduced their stakes in EQH. State Street Corp raised its position in shares of Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP grew its stake in Equitable by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after buying an additional 161,376 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Equitable by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after acquiring an additional 539,904 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Equitable during the second quarter worth approximately $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Equitable by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.