Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,426,800.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the completion of the sale, the chief executive officer now directly owns 743,206 shares of the company's stock, valued at approximately $35,346,877.36. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 14th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00.

Equitable Trading Up 1.1 %

Shares of NYSE EQH traded up $0.53 during midday trading on Friday, reaching $46.88. 2,728,089 shares of the stock were exchanged, compared to its average volume of 2,631,330. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 12.27 and a beta of 1.23. Equitable Holdings, Inc. has a 12 month low of $36.18 and a 12 month high of $56.00. The business has a 50-day simple moving average of $51.12 and a two-hundred day simple moving average of $49.06.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Wednesday, March 5th. Equitable's payout ratio is presently 25.13%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Truist Financial increased their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.91.

Institutional Investors Weigh In On Equitable

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Equitable in the 4th quarter valued at $668,250,000. Wellington Management Group LLP boosted its stake in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares during the period. Nordea Investment Management AB boosted its stake in Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after buying an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC increased its stake in Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after acquiring an additional 1,261,466 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Equitable by 237.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock valued at $82,955,000 after acquiring an additional 1,236,799 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

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.