Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,426,800.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the transaction, the chief executive officer now directly owns 743,206 shares of the company’s stock, valued at approximately $35,346,877.36. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 14th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00.

Equitable Stock Performance

Equitable stock opened at $46.88 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $36.18 and a fifty-two week high of $56.00. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 12.27 and a beta of 1.23. The stock has a fifty day moving average of $51.12 and a two-hundred day moving average of $49.06. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.

Analyst Upgrades and Downgrades

EQH has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Morgan Stanley lowered their target price on shares of Equitable from $68.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company reduced their price target on shares of Equitable from $62.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. UBS Group upgraded Equitable from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $77.00 in a report on Wednesday, April 2nd. Finally, BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Equitable in the 4th quarter worth about $668,250,000. Wellington Management Group LLP lifted its holdings in shares of Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after acquiring an additional 3,303,449 shares during the period. Nordea Investment Management AB boosted its position in shares of Equitable by 700.3% in the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after acquiring an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Equitable by 608.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after purchasing an additional 1,261,466 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock worth $82,955,000 after purchasing an additional 1,236,799 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.