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 firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00.

Equitable Stock Up 1.8 %

Shares of NYSE:EQH traded up $0.93 during midday trading on Monday, reaching $52.20. 3,795,319 shares of the company were exchanged, compared to its average volume of 2,407,396. The firm has a market cap of $16.07 billion, a PE ratio of 13.66 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $35.18 and a fifty-two week high of $56.00. The stock has a fifty day simple moving average of $52.42 and a two-hundred day simple moving average of $47.62. 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Wall Street Analyst Weigh In

EQH has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company upped their price target on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Hedge Funds Weigh In On Equitable

A number of large investors have recently bought and sold shares of EQH. Assetmark Inc. increased its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after purchasing an additional 209 shares in the last quarter. Truist Financial Corp increased its position in shares of Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after purchasing an additional 257 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Equitable by 10.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after purchasing an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC raised its stake in shares of Equitable by 7.0% during the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company’s stock worth $202,000 after purchasing an additional 278 shares in 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.