Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $38,534,018.96. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00.
Equitable Trading Up 0.2 %
EQH traded up $0.08 during trading on Friday, hitting $52.49. The company's stock had a trading volume of 2,625,934 shares, compared to its average volume of 2,409,793. 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 Holdings, Inc. has a twelve month low of $35.49 and a twelve month high of $56.00. The stock's fifty day moving average price is $52.66 and its 200-day moving average price is $47.82. The firm has a market capitalization of $16.16 billion, a P/E ratio of 13.72 and a beta of 1.39.
Equitable (NYSE:EQH - Get Free Report) last announced 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 return on equity of 85.70% and a net margin of 10.51%. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.
Equitable Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. Equitable's dividend payout ratio (DPR) is 25.13%.
Institutional Trading of Equitable
Several institutional investors and hedge funds have recently modified their holdings of EQH. Versant Capital Management Inc raised its holdings in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after buying an additional 352 shares in the last quarter. Bessemer Group Inc. grew its position in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. grew its position in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. grew its position in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares during the last quarter. Finally, McIlrath & Eck LLC grew its position in Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and raised their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets raised 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.75.
Check Out Our Latest Stock Report on Equitable
Equitable Company Profile
(
Get Free Report)
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.
Further Reading
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