Mark Pearson Sells 39,700 Shares of Equitable (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 39,700 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $43.14, for a total value of $1,712,658.00. Following the transaction, the chief executive officer directly owned 676,540 shares of the company’s stock, valued at $29,185,935.60. This trade represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, October 20th, Mark Pearson sold 39,700 shares of Equitable stock. The stock was sold at an average price of $48.17, for a total value of $1,912,349.00.
• 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 Thursday, September 18th, Mark Pearson sold 39,551 shares of Equitable stock. The shares were sold at an average price of $54.22, for a total transaction of $2,144,455.22.

Equitable Price Performance

Shares of EQH opened at $45.11 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 11.87. The company’s fifty day simple moving average is $48.79 and its 200 day simple moving average is $51.61. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61. The company has a market cap of $12.93 billion, a price-to-earnings ratio of -16.35 and a beta of 1.17.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business’s revenue was down 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. On average, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 24th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 24th. Equitable’s payout ratio is -39.13%.

Institutional Investors Weigh In On Equitable

A number of hedge funds and other institutional investors have recently modified their holdings of EQH. Johnson Financial Group Inc. acquired a new position in shares of Equitable in the third quarter valued at about $26,000. WPG Advisers LLC bought a new stake in Equitable in the 1st quarter valued at about $27,000. True Wealth Design LLC grew its position in shares of Equitable by 592.6% during the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock worth $31,000 after purchasing an additional 480 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Equitable during the 1st quarter worth approximately $33,000. Finally, Root Financial Partners LLC bought a new position in shares of Equitable during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EQH shares. Evercore ISI raised their price objective on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Equitable in a research report on Monday. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average price target of $64.18.

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.