Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,587,000.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.90, for a total transaction of $1,587,000.00. Following the completion of the transaction, the chief executive officer now owns 733,206 shares in the company, valued at $38,786,597.40. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, April 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.56, for a total transaction of $1,426,800.00.
• On Friday, March 14th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00.

Equitable Stock Performance

Shares of EQH stock opened at $53.56 on Monday. The firm has a market capitalization of $16.28 billion, a PE ratio of 14.02 and a beta of 1.15. The firm has a fifty day simple moving average of $50.17 and a two-hundred day simple moving average of $50.01. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.14). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 105.2% compared to the same quarter last year. Analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Institutional Trading of Equitable

Institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. bought a new stake in shares of Equitable in the 1st quarter worth $26,000. WPG Advisers LLC purchased a new stake in Equitable during the first quarter valued at about $27,000. Bessemer Group Inc. lifted its holdings in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Equitable during the first quarter valued at about $33,000. Finally, Assetmark Inc. lifted its holdings in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EQH shares. Morgan Stanley dropped 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. Truist Financial boosted their target price on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.08.

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.