Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) Target Price at $55.92

by · The Cerbat Gem

Shares of Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, 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 brokers that have issued ratings on the stock in the last year is $56.58.

A number of equities research analysts have commented on EQH shares. Truist Financial upped their price target on 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 increased their price objective on Equitable from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price objective on Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th.

Check Out Our Latest Report on Equitable

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the completion of the sale, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 629,939 shares of the company’s stock, valued at $32,536,349.35. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock valued at $6,534,234 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Several large investors have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its stake in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares during the period. Atomi Financial Group Inc. raised its position in 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 purchasing an additional 209 shares in the last quarter. Covestor Ltd lifted its stake in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the last quarter. Truist Financial Corp lifted its stake in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after purchasing an additional 257 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Down 4.7 %

NYSE EQH opened at $51.44 on Monday. The business’s 50-day moving average price is $50.91 and its two-hundred day moving average price is $46.25. Equitable has a 12 month low of $32.96 and a 12 month high of $56.00. The firm has a market capitalization of $16.12 billion, a PE ratio of 13.46 and a beta of 1.39. 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 (NYSE:EQH – Get Free Report) last released its quarterly earnings results 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 net margin of 10.51% and a return on equity of 85.70%. On average, analysts expect that Equitable will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Equitable Company Profile

(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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