Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,422,900.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the sale, the chief executive officer now owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, October 15th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00.
• On Monday, September 16th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00.
• On Thursday, August 29th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00.

Equitable Stock Performance

Shares of Equitable stock traded down $0.33 during trading on Monday, reaching $47.11. The company’s stock had a trading volume of 2,339,318 shares, compared to its average volume of 2,499,375. Equitable Holdings, Inc. has a one year low of $28.02 and a one year high of $50.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of -43.12 and a beta of 1.40. The business’s fifty day moving average price is $43.97 and its 200-day moving average price is $41.87.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business posted $1.15 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.04%. Equitable’s dividend payout ratio is currently -88.07%.

Institutional Trading of Equitable

Institutional investors have recently modified their holdings of the company. Toronto Dominion Bank boosted its position in Equitable by 27.1% in the third quarter. Toronto Dominion Bank now owns 44,794 shares of the company’s stock valued at $1,883,000 after buying an additional 9,563 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Equitable in the third quarter valued at approximately $215,000. M&T Bank Corp boosted its holdings in shares of Equitable by 29.1% in the 3rd quarter. M&T Bank Corp now owns 38,718 shares of the company’s stock worth $1,627,000 after acquiring an additional 8,735 shares in the last quarter. Barclays PLC grew its position in Equitable by 13.5% during the 3rd quarter. Barclays PLC now owns 501,498 shares of the company’s stock worth $21,076,000 after acquiring an additional 59,844 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in Equitable by 134.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,482 shares of the company’s stock valued at $693,000 after purchasing an additional 9,464 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EQH shares. Citigroup lifted their price target on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley lowered their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Finally, Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

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.