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 firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the sale, the chief executive officer now owns 639,939 shares in the company, valued at approximately $30,275,514.09. This trade represents a 4.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00.
• 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 value of $1,332,000.00.

Equitable Price Performance

EQH stock opened at $44.36 on Thursday. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of -40.70 and a beta of 1.38. The firm’s 50-day moving average price is $46.62 and its two-hundred day moving average price is $42.99. 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 Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $50.51.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting 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 business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company posted $1.15 EPS. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.16%. Equitable’s dividend payout ratio is -88.07%.

Institutional Trading of Equitable

Several large investors have recently bought and sold shares of EQH. Retirement Systems of Alabama boosted its holdings in shares of Equitable by 2.9% during the 3rd quarter. Retirement Systems of Alabama now owns 388,430 shares of the company’s stock valued at $16,326,000 after buying an additional 11,085 shares in the last quarter. Unigestion Holding SA bought a new position in shares of Equitable during the third quarter valued at approximately $847,000. Toronto Dominion Bank lifted its holdings in shares of Equitable by 27.1% during the third quarter. Toronto Dominion Bank now owns 44,794 shares of the company’s stock valued at $1,883,000 after purchasing an additional 9,563 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Equitable in the 3rd quarter worth approximately $215,000. Finally, M&T Bank Corp grew its stake in shares of Equitable by 29.1% in the 3rd quarter. M&T Bank Corp now owns 38,718 shares of the company’s stock worth $1,627,000 after buying an additional 8,735 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQH. Barclays raised their price objective on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their price objective 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. Finally, Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.10.

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.