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 stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. The trade was a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Equitable Trading Up 1.8 %

Equitable stock opened at $52.20 on Tuesday. The stock has a market cap of $16.07 billion, a P/E ratio of 13.66 and a beta of 1.39. Equitable Holdings, Inc. has a 12 month low of $35.18 and a 12 month high of $56.00. The company’s fifty day simple moving average is $52.47 and its 200-day simple moving average is $47.69. 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 issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is currently 25.13%.

Institutional Trading of Equitable

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after acquiring an additional 153,457 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Equitable during the fourth quarter valued at approximately $295,000. Principal Financial Group Inc. grew its stake in shares of Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after purchasing an additional 148,180 shares during the last quarter. Vest Financial LLC grew its stake in shares of Equitable by 11.7% during the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after purchasing an additional 78,725 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its holdings in Equitable by 902.4% in the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock valued at $3,298,000 after buying an additional 70,629 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

EQH has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their price target on 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 Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, 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 report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.75.

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.