Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,549,500.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, December 16th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.31, for a total transaction 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 transaction of $1,422,900.00.

Equitable Stock Up 0.3 %

Shares of NYSE:EQH opened at $51.70 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 company’s fifty day moving average is $47.86 and its 200-day moving average is $44.19. The company has a market capitalization of $16.20 billion, a PE ratio of -47.43 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 (EPS) for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. Equities research analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Equitable by 2.7% during the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP lifted its position in Equitable by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after buying an additional 161,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after purchasing an additional 539,904 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Equitable during the 2nd quarter valued at about $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Equitable by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EQH shares. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $54.00 to $58.00 in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and boosted their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered 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, January 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

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.