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 business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the sale, the chief executive officer now owns 685,025 shares of the company’s stock, valued at approximately $24,825,306. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00.

Equitable Stock Up 0.9 %

EQH stock opened at $36.57 on Friday. The company has a market capitalization of $11.98 billion, a P/E ratio of 10.82 and a beta of 1.42. The company has a 50-day simple moving average of $35.57 and a 200 day simple moving average of $32.26. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44.

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 the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s payout ratio is 26.04%.

Institutional Investors Weigh In On Equitable

A number of institutional investors and hedge funds have recently bought and sold shares of EQH. Steward Partners Investment Advisory LLC lifted its holdings in Equitable by 107.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 812 shares of the company’s stock valued at $27,000 after acquiring an additional 420 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Equitable by 143.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock valued at $33,000 after acquiring an additional 591 shares during the last quarter. Blue Trust Inc. lifted its holdings in Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after acquiring an additional 704 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Equitable in the 4th quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its holdings in Equitable by 128.3% in the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after acquiring an additional 1,034 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQH has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. UBS Group upped their price target on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Evercore ISI upped their price target on shares of Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price target on shares of Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. lowered shares of Equitable from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

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.