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 Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 629,939 shares of the company’s stock, valued at $32,536,349.35. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 Price Performance

Equitable stock opened at $51.48 on Friday. The firm has a market cap of $16.13 billion, a PE ratio of -47.23 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The stock’s fifty day moving average price is $47.77 and its two-hundred day moving average price is $44.10. Equitable Holdings, Inc. has a one year low of $31.76 and a one year high of $52.04.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business earned $1.15 earnings per share. As a group, research analysts expect that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Equitable Dividend Announcement

The company 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. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio is presently -88.07%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EQH. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and upped their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company decreased their target price on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.18.

Institutional Trading of Equitable

Several large investors have recently made changes to their positions in EQH. Versant Capital Management Inc raised its position in Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after purchasing an additional 352 shares in the last quarter. Covestor Ltd increased its stake in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Equitable in the 3rd quarter valued at $48,000. UMB Bank n.a. raised its holdings in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after buying an additional 718 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after buying an additional 1,265 shares during the last quarter. Institutional investors and hedge funds 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.