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 the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $38,521,837.06. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 shares were sold at an average price of $47.56, for a total value of $1,426,800.00.

Equitable Stock Up 0.7%

Shares of EQH stock traded up $0.36 during mid-day trading on Friday, hitting $53.23. The company's stock had a trading volume of 5,946,043 shares, compared to its average volume of 2,549,216. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The business has a 50-day moving average price of $51.54 and a 200 day moving average price of $50.96. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 14.46 and a beta of 1.15.

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

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $0.27 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. This is a positive change from Equitable's previous quarterly dividend of $0.24. Equitable's payout ratio is presently 29.35%.

Institutional Trading of Equitable

Several large investors have recently modified their holdings of EQH. Norges Bank bought a new stake in shares of Equitable in the fourth quarter worth $668,250,000. Wellington Management Group LLP grew its holdings in shares of Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after acquiring an additional 3,303,449 shares during the period. Boston Partners bought a new stake in shares of Equitable in the first quarter worth $108,264,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Equitable by 5,536.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock worth $110,286,000 after acquiring an additional 2,071,691 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Equitable in the first quarter worth $99,319,000. Institutional investors own 92.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQH. UBS Group reduced their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley raised their price objective on Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI reduced their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods raised their price objective on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.