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 the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 629,939 shares in the company, valued at $32,536,349.35. This represents a 4.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value 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 value of $1,422,900.00.

Equitable Trading Down 0.2 %

NYSE:EQH opened at $51.48 on Friday. Equitable Holdings, Inc. has a 52 week low of $31.76 and a 52 week high of $52.04. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm’s fifty day moving average is $47.77 and its 200-day moving average is $44.10. The firm has a market cap of $16.13 billion, a P/E ratio of -47.23 and a beta of 1.39.

Equitable (NYSE:EQH) last issued 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 during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business posted $1.15 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. Equities analysts expect that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.86%. Equitable’s dividend payout ratio is currently -88.07%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Equitable

Several institutional investors have recently added to or reduced their stakes in EQH. Choreo LLC bought a new stake in shares of Equitable in the 2nd quarter valued at $268,000. American Century Companies Inc. grew its holdings in Equitable by 86.5% in the second quarter. American Century Companies Inc. now owns 435,567 shares of the company’s stock worth $17,797,000 after purchasing an additional 202,021 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Equitable by 31.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 85,875 shares of the company’s stock valued at $3,442,000 after purchasing an additional 20,391 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Equitable by 81.7% during the second quarter. Envestnet Asset Management Inc. now owns 102,385 shares of the company’s stock valued at $4,183,000 after purchasing an additional 46,027 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after purchasing an additional 539,904 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

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.