Mark Pearson Sells 30,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQHGet Rating) CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $30.02, for a total value of $900,600.00. Following the completion of the transaction, the chief executive officer now owns 445,307 shares in the company, valued at $13,368,116.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, August 11th, Mark Pearson sold 60,000 shares of Equitable stock. The stock was sold at an average price of $30.02, for a total value of $1,801,200.00.

Equitable Trading Down 1.0 %

EQH stock opened at $29.22 on Friday. Equitable Holdings, Inc. has a 1-year low of $24.61 and a 1-year high of $37.13. The firm has a market cap of $10.98 billion, a P/E ratio of 3.63 and a beta of 1.43. The business’s 50 day moving average is $28.83 and its 200-day moving average is $29.11.

Equitable (NYSE:EQHGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.32 billion. Sell-side analysts forecast that Equitable Holdings, Inc. will post 5.35 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, August 5th. Equitable’s payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EQH shares. Citigroup started coverage on Equitable in a research note on Monday, May 23rd. They issued a “buy” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Equitable from $36.00 to $34.00 in a research note on Monday, July 11th. Truist Financial lowered their price target on Equitable from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Barclays boosted their price target on Equitable from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. Finally, Morgan Stanley boosted their price target on Equitable from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equitable presently has an average rating of “Buy” and a consensus price target of $41.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EQH. Norges Bank acquired a new position in shares of Equitable in the 4th quarter worth approximately $773,363,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Equitable by 20.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,650,300 shares of the company’s stock worth $903,333,000 after acquiring an additional 5,799,164 shares in the last quarter. Select Equity Group L.P. acquired a new position in shares of Equitable in the 1st quarter worth approximately $88,107,000. Goldman Sachs Group Inc. boosted its holdings in shares of Equitable by 94.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,723,505 shares of the company’s stock worth $115,094,000 after acquiring an additional 1,811,795 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Equitable in the 1st quarter worth approximately $44,231,000. 91.87% of the stock is owned by institutional investors and hedge funds.

About Equitable

(Get Rating)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

Further Reading

Insider Buying and Selling by Quarter for Equitable (NYSE:EQH)

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