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 business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the completion of the sale, the chief executive officer now directly owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $1,332,000.00.
• On Monday, September 16th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00.
• On Thursday, August 29th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00.

Equitable Stock Down 0.7 %

NYSE EQH opened at $47.11 on Tuesday. 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 firm has a market cap of $14.76 billion, a PE ratio of -43.22 and a beta of 1.40. The stock’s 50 day simple moving average is $44.11 and its 200 day simple moving average is $41.93. Equitable Holdings, Inc. has a one year low of $28.02 and a one year high of $50.51.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the business earned $1.15 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is -88.07%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQH. Barclays boosted their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley lowered their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Finally, Wells Fargo & Company boosted their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.70.

Hedge Funds Weigh In On Equitable

Institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board boosted its holdings in shares of Equitable by 3.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after buying an additional 637,916 shares during the last quarter. State Street Corp raised its stake in Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares during the period. Wellington Management Group LLP lifted its position in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after buying an additional 161,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after buying an additional 539,904 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after acquiring an additional 3,155,487 shares during the period. Institutional investors own 92.70% of the company’s stock.

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.