Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 39,551 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $54.22, for a total transaction of $2,144,455.22. Following the completion of the sale, the chief executive officer directly owned 690,678 shares of the company's stock, valued at approximately $37,448,561.16. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mark Pearson also recently made the following trade(s):
- On Friday, September 19th, Mark Pearson sold 149 shares of Equitable stock. The stock was sold at an average price of $54.47, for a total value of $8,116.03.
- On Monday, August 18th, Mark Pearson sold 39,700 shares of Equitable stock. The shares were sold at an average price of $53.05, for a total value of $2,106,085.00.
- On Tuesday, July 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $52.22, for a total transaction of $1,566,600.00.
- On Tuesday, July 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $52.22, for a total transaction of $1,566,600.00.
Equitable Price Performance
Shares of NYSE:EQH traded down $0.15 during midday trading on Monday, reaching $54.08. 2,984,907 shares of the company's stock were exchanged, compared to its average volume of 2,923,245. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The company's 50 day simple moving average is $52.78 and its two-hundred day simple moving average is $52.11. Equitable Holdings, Inc. has a 12 month low of $40.81 and a 12 month high of $56.61. The firm has a market capitalization of $16.20 billion, a PE ratio of 43.61 and a beta of 1.16.
Equitable Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable's payout ratio is presently 87.10%.
Institutional Trading of Equitable
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Equitable during the 1st quarter worth approximately $26,000. WPG Advisers LLC bought a new position in shares of Equitable in the 1st quarter worth $27,000. True Wealth Design LLC grew its stake in shares of Equitable by 592.6% during the second quarter. True Wealth Design LLC now owns 561 shares of the company's stock worth $31,000 after purchasing an additional 480 shares during the period. Orion Capital Management LLC bought a new stake in Equitable in the first quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock valued at $46,000 after buying an additional 424 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EQH. Keefe, Bruyette & Woods increased their target price on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. UBS Group dropped their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Wolfe Research upgraded shares of Equitable to a "strong-buy" rating in a research note on Tuesday, September 16th. Wells Fargo & Company lowered their target price on shares of Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $64.55.
Check Out Our Latest Stock Analysis on Equitable
About Equitable
(
Get Free Report)
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.
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