Equitable Holdings, Inc. (NYSE:EQH) Receives $50.10 Average PT from Analysts

Shares of Equitable Holdings, Inc. (NYSE:EQH) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.10.

A number of brokerages have weighed in on EQH. Wells Fargo & Company raised their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now directly owns 658,555 shares of the company’s stock, valued at approximately $29,239,842. The trade was a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,032 shares of company stock worth $6,031,759 over the last three months. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equitable

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its position in Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after purchasing an additional 332 shares during the period. Creative Planning lifted its holdings in shares of Equitable by 3.6% in the 3rd quarter. Creative Planning now owns 13,541 shares of the company’s stock worth $569,000 after purchasing an additional 476 shares in the last quarter. United Services Automobile Association grew its position in Equitable by 2.3% in the 2nd quarter. United Services Automobile Association now owns 23,499 shares of the company’s stock valued at $960,000 after purchasing an additional 534 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Equitable by 4.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,733 shares of the company’s stock valued at $535,000 after purchasing an additional 548 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 1.0 %

Shares of NYSE:EQH opened at $47.64 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. Equitable has a 1 year low of $31.76 and a 1 year high of $50.51. The company has a market capitalization of $14.93 billion, a P/E ratio of -43.71 and a beta of 1.39. The business’s 50 day simple moving average is $47.09 and its 200 day simple moving average is $43.48.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. On average, research analysts anticipate that Equitable will post 6.05 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.02%. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

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.