Mark Pearson Sells 30,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $1,266,000.00.

Equitable Stock Performance

NYSE EQH opened at $41.37 on Wednesday. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 12.81 and a beta of 1.42. The company has a fifty day moving average price of $40.89 and a 200-day moving average price of $39.33. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 1 year low of $24.65 and a 1 year high of $44.50.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 6.01 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 annualized dividend and a yield of 2.32%. Equitable’s payout ratio is currently 29.72%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Barclays assumed coverage on shares of Equitable in a report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price objective on the stock. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.64.

Hedge Funds Weigh In On Equitable

Several institutional investors have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new position in Equitable during the first quarter worth about $28,000. LRI Investments LLC bought a new position in Equitable during the first quarter worth about $45,000. Rise Advisors LLC boosted its position in Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after purchasing an additional 1,592 shares during the period. GAMMA Investing LLC boosted its position in Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after purchasing an additional 405 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Equitable by 261.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after purchasing an additional 1,641 shares during the period. 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.