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 company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.66, for a total value of $1,129,800.00. Following the sale, the chief executive officer now directly owns 695,025 shares of the company's stock, valued at $26,174,641.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, March 1st, Mark Pearson sold 60,000 shares of Equitable stock. The stock was 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 transaction of $1,942,800.00.

Equitable Price Performance

Equitable stock traded down $0.18 during trading hours on Tuesday, hitting $37.26. The stock had a trading volume of 1,614,706 shares, compared to its average volume of 2,674,589. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 11.02 and a beta of 1.42. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.32. The stock's fifty day moving average is $34.60 and its two-hundred day moving average is $31.53.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.50 billion. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors 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 annualized dividend and a dividend yield of 2.36%. Equitable's dividend payout ratio is currently 26.04%.

Institutional Investors Weigh In On Equitable

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Equitable by 2.2% during the first quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company's stock valued at $1,240,838,000 after acquiring an additional 854,689 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Equitable by 3.8% during the first quarter. BlackRock Inc. now owns 33,444,638 shares of the company's stock worth $849,159,000 after buying an additional 1,223,193 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Equitable by 10.0% during the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company's stock worth $763,764,000 after buying an additional 2,450,484 shares in the last quarter. Norges Bank acquired a new position in shares of Equitable in the fourth quarter valued at approximately $553,559,000. Finally, State Street Corp lifted its stake in shares of Equitable by 3.5% during the first quarter. State Street Corp now owns 9,933,563 shares of the company's stock valued at $252,213,000 after buying an additional 336,694 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analyst Weigh In

EQH has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of Equitable from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Jefferies Financial Group boosted their target price on Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, March 22nd. UBS Group raised their price target on Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods lowered Equitable from an "outperform" rating to a "market perform" rating and set a $34.00 price objective on the stock. in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Equitable currently has an average rating of "Moderate Buy" and a consensus price target of $35.89.

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.