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

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 30,000 shares of Equitable 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 completion of the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. This represents a 4.55 % decrease in their ownership of the stock. The transaction 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 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 value of $1,419,300.00.
• On Friday, November 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00.

Equitable Stock Performance

Shares of NYSE:EQH traded down $0.08 during trading on Thursday, hitting $51.48. 3,075,969 shares of the stock traded hands, compared to its average volume of 2,653,197. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a fifty day moving average price of $47.71 and a two-hundred day moving average price of $44.05. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $52.04. The company has a market cap of $16.13 billion, a price-to-earnings ratio of -47.23 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The firm's revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts predict that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Dividend Announcement

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

Wall Street Analyst Weigh In

EQH has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Equitable from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research note on Friday, January 10th. Barclays boosted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded Equitable from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.18.

Institutional Investors Weigh In On Equitable

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company's stock worth $545,418,000 after purchasing an additional 338,205 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Equitable by 3.0% in 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock worth $166,855,000 after buying an additional 539,904 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Equitable in the second quarter valued at approximately $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Equitable by 2.5% in 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 in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

About Equitable

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.

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