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 Monday, April 15th. The shares were sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the completion of the transaction, the chief executive officer now owns 685,025 shares of the company’s stock, valued at approximately $24,825,306. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, April 1st, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $37.66, for a total transaction of $1,129,800.00.
• On Friday, March 1st, Mark Pearson sold 60,000 shares of Equitable stock. The shares were sold at an average price of $33.77, for a total transaction of $2,026,200.00.
• On Thursday, February 1st, Mark Pearson sold 60,000 shares of Equitable stock. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00.

Equitable Stock Performance

Equitable stock opened at $35.65 on Thursday. Equitable Holdings, Inc. has a 1 year low of $21.89 and a 1 year high of $38.44. The firm has a 50 day moving average price of $35.46 and a 200 day moving average price of $32.17. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 10.55 and a beta of 1.42.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Sell-side analysts predict that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.47%. Equitable’s dividend payout ratio is currently 26.04%.

Institutional Investors Weigh In On Equitable

Several institutional investors have recently bought and sold shares of EQH. Capital Insight Partners LLC lifted its position in shares of Equitable by 42.3% during the first quarter. Capital Insight Partners LLC now owns 17,172 shares of the company’s stock worth $653,000 after purchasing an additional 5,104 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Equitable during the first quarter worth $2,726,000. Rise Advisors LLC lifted its position in shares of Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after purchasing an additional 1,592 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after purchasing an additional 405 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Equitable during the first quarter worth $532,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Equitable from an “overweight” rating to a “neutral” rating and increased their price target for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Evercore ISI raised their target price on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Jefferies Financial Group raised their target price on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, UBS Group raised their target price on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

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.