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

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the transaction, the chief executive officer now directly owns 685,025 shares in the company, valued at $24,825,306. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 1st, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $37.66, for a total transaction of $1,129,800.00.
• On Friday, March 1st, Mark Pearson sold 60,000 shares of Equitable stock. The shares were sold at an average price of $33.77, for a total transaction of $2,026,200.00.
• On Thursday, February 1st, Mark Pearson sold 60,000 shares of Equitable stock. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00.

Equitable Trading Up 0.1 %

NYSE:EQH opened at $35.65 on Thursday. Equitable Holdings, Inc. has a 12 month low of $21.89 and a 12 month high of $38.44. The firm has a fifty day simple moving average of $35.46 and a 200-day simple moving average of $32.17. The company has a market capitalization of $11.68 billion, a P/E ratio of 10.55 and a beta of 1.42.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. Equities analysts forecast that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its holdings in shares of Equitable by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock worth $2,949,000 after purchasing an additional 329 shares during the last quarter. American International Group Inc. raised its holdings in shares of Equitable by 9.3% during the second quarter. American International Group Inc. now owns 4,007 shares of the company’s stock worth $104,000 after purchasing an additional 342 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Equitable by 3.7% during the second quarter. Stephens Inc. AR now owns 10,040 shares of the company’s stock worth $273,000 after purchasing an additional 360 shares during the last quarter. TCW Group Inc. increased its holdings in Equitable by 0.5% in the fourth quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock valued at $2,397,000 after buying an additional 371 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Equitable by 3.5% in the second quarter. Kestra Advisory Services LLC now owns 11,244 shares of the company’s stock valued at $305,000 after buying an additional 378 shares in 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 equities analysts have recently issued reports on EQH shares. Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley raised their target price on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group raised their target price on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Evercore ISI raised their target price on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. downgraded shares of Equitable from an “overweight” rating to a “neutral” rating and raised their target price for the company from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.67.

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.