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

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $1,087,200.00. Following the sale, the chief executive officer now owns 685,025 shares in the company, valued at approximately $24,825,306. The sale was disclosed in a filing with the SEC, which is available 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 value 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 value 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 value of $1,942,800.00.

Equitable Stock Performance

Equitable stock traded up $0.21 during mid-day trading on Wednesday, reaching $35.84. 1,207,483 shares of the company were exchanged, compared to its average volume of 2,653,519. Equitable Holdings, Inc. has a twelve month low of $21.89 and a twelve month high of $38.44. The firm’s 50-day simple moving average is $35.42 and its two-hundred day simple moving average is $32.15. The firm has a market cap of $11.74 billion, a PE ratio of 10.54 and a beta of 1.42.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts anticipate that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. Equitable’s payout ratio is 26.04%.

Wall Street Analyst Weigh In

EQH has been the topic of a number of recent analyst reports. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Jefferies Financial Group raised their price target on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley raised their price target on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.67.

Institutional Trading of Equitable

Several hedge funds have recently modified their holdings of the business. Capital Insight Partners LLC lifted its holdings in shares of Equitable by 42.3% in the 1st quarter. Capital Insight Partners LLC now owns 17,172 shares of the company’s stock valued at $653,000 after buying an additional 5,104 shares during the period. BTC Capital Management Inc. acquired a new position in Equitable during the first quarter worth $2,726,000. Rise Advisors LLC raised its holdings in Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after purchasing an additional 1,592 shares during the last quarter. GAMMA Investing LLC raised its holdings in Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after purchasing an additional 405 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Equitable during the first quarter worth $532,000. 92.70% of the stock is owned by institutional investors and hedge funds.

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.