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 Monday, June 16th. The shares were sold at an average price of $53.18, for a total value of $1,595,400.00. Following the completion of the transaction, the chief executive officer now owns 724,367 shares in the company, valued at approximately $38,521,837.06. The trade was a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, May 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $52.90, for a total value of $1,587,000.00.
• On Tuesday, April 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00.

Equitable Trading Up 2.0%

EQH traded up $1.02 during midday trading on Thursday, hitting $52.87. 2,496,156 shares of the company were exchanged, compared to its average volume of 2,549,554. The firm has a market capitalization of $16.07 billion, a P/E ratio of 14.37 and a beta of 1.15. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. The firm's 50 day moving average price is $51.40 and its 200-day moving average price is $50.90. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. The firm's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. Equitable's payout ratio is currently 29.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQH. MV Capital Management Inc. acquired a new position in Equitable during the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new position in Equitable during the 1st quarter worth approximately $27,000. Bessemer Group Inc. raised its stake 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 buying an additional 357 shares during the period. Orion Capital Management LLC acquired a new position in Equitable during the 1st quarter worth approximately $33,000. Finally, Assetmark Inc. raised its stake in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after buying an additional 199 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EQH shares. Morgan Stanley boosted their price objective on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group reduced their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Finally, Evercore ISI reduced their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

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.