Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 30,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 648,555 shares of the company's stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Mark Pearson also recently made the following trade(s):
- On Tuesday, October 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was 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 value 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 Down 0.7 %
NYSE EQH opened at $47.11 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $14.76 billion, a PE ratio of -43.22 and a beta of 1.40. The stock's 50 day simple moving average is $44.11 and its 200 day simple moving average is $41.93. Equitable Holdings, Inc. has a one year low of $28.02 and a one year high of $50.51.
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Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the business earned $1.15 earnings per share. The firm's quarterly revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.
Equitable Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is -88.07%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on EQH. Barclays boosted their price target 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. Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Morgan Stanley lowered their price objective 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, Wells Fargo & Company boosted their target price on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.70.
View Our Latest Analysis on Equitable
Hedge Funds Weigh In On Equitable
Institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board boosted its holdings in shares of Equitable by 3.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company's stock valued at $714,766,000 after buying an additional 637,916 shares during the last quarter. State Street Corp raised its stake in Equitable by 2.7% in the third quarter. State Street Corp now owns 12,976,870 shares of the company's stock valued at $545,418,000 after buying an additional 338,205 shares during the period. Wellington Management Group LLP lifted its position in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company's stock valued at $231,735,000 after buying an additional 161,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock valued at $166,855,000 after buying an additional 539,904 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock worth $129,444,000 after acquiring an additional 3,155,487 shares during the period. Institutional investors own 92.70% of the company's stock.
About Equitable
(
Get Free Report)
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.
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