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 Equitable stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The transaction was disclosed in a document filed 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 stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00.

Equitable Stock Up 1.4 %

Equitable stock traded up $0.59 during trading on Tuesday, reaching $41.37. 2,009,576 shares of the company’s stock were exchanged, compared to its average volume of 2,535,628. The company’s 50-day moving average is $40.89 and its two-hundred day moving average is $39.33. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $44.50. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 12.86 and a beta of 1.42.

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

Equitable Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Jefferies Financial Group lifted their price target on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Morgan Stanley cut their price objective 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. Citigroup boosted their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays assumed coverage on shares of Equitable in a research note on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.64.

Institutional Investors Weigh In On Equitable

A number of large investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of Equitable by 9.5% during the fourth quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock valued at $263,000 after acquiring an additional 684 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Equitable by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 168,559 shares of the company’s stock valued at $5,466,000 after purchasing an additional 9,766 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Equitable by 261.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after buying an additional 1,641 shares during the last quarter. Securian Asset Management Inc. acquired a new stake in shares of Equitable during the fourth quarter worth approximately $894,000. Finally, Norges Bank bought a new stake in shares of Equitable in the fourth quarter worth $606,630,000. 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.