Analysts Set Equitable Holdings, Inc. (NYSE:EQH) Price Target at $57.75

Shares of Equitable Holdings, Inc. (NYSE:EQH) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $57.75.

Several brokerages recently commented on EQH. Morgan Stanley boosted their price target on Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company upped their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their target price on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th.

Equitable Trading Down 1.4 %

Shares of NYSE EQH opened at $51.55 on Friday. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 13.49 and a beta of 1.39. The business has a 50 day simple moving average of $52.52 and a 200 day simple moving average of $47.76. Equitable has a 52 week low of $35.48 and a 52 week high of $56.00. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, research analysts predict that Equitable will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Equitable’s payout ratio is 25.13%.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the completion of the transaction, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at approximately $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,032 shares of company stock worth $5,443,966. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. lifted its position in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after acquiring an additional 209 shares during the period. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the period. Truist Financial Corp lifted its holdings in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after acquiring an additional 257 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock valued at $131,000 after acquiring an additional 266 shares during the period. 92.70% of the stock is owned by institutional investors.

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.