Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) CEO Sells 30,000 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00.

Equitable Price Performance

Shares of NYSE:EQH traded up $0.93 during trading on Monday, reaching $52.20. 3,795,319 shares of the company traded hands, compared to its average volume of 2,407,396. The firm has a market capitalization of $16.07 billion, a PE ratio of 13.66 and a beta of 1.39. Equitable Holdings, Inc. has a 52 week low of $35.18 and a 52 week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The company’s 50 day moving average is $52.42 and its two-hundred day moving average is $47.62.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. Equitable’s dividend payout ratio is 25.13%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EQH. Barclays upped their price objective on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company raised their price target on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, BMO Capital Markets lifted their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares during the last quarter. Bessemer Group Inc. increased its position in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. increased its position in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Mizuho Bank Ltd. boosted its position in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock valued at $53,000 after buying an additional 430 shares in the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company’s stock worth $65,000 after buying an additional 841 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.