Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,587,000.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.90, for a total value of $1,587,000.00. Following the transaction, the chief executive officer now directly owns 733,206 shares in the company, valued at $38,786,597.40. This trade represents a 3.93% decrease in their ownership of the stock. The sale 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 Tuesday, April 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $47.56, for a total value of $1,426,800.00.
• On Friday, March 14th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00.

Equitable Price Performance

NYSE:EQH opened at $53.56 on Friday. The business’s 50-day moving average price is $50.17 and its 200 day moving average price is $49.98. The firm has a market cap of $16.28 billion, a P/E ratio of 14.02 and a beta of 1.15. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company’s revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on EQH. Wells Fargo & Company raised their price target on Equitable from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and raised their price target for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Evercore ISI lowered their price target on Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised their price target on Equitable from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Truist Financial raised their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.08.

Hedge Funds Weigh In On Equitable

Institutional investors have recently bought and sold shares of the stock. MV Capital Management Inc. purchased a new position in Equitable in the 1st quarter worth about $26,000. WPG Advisers LLC purchased a new position in Equitable in the 1st quarter worth about $27,000. Bessemer Group Inc. increased its stake in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares in the last quarter. Orion Capital Management LLC purchased a new position in Equitable in the 1st quarter worth about $33,000. Finally, Assetmark Inc. increased its stake in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

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.