Equitable (NYSE:EQH) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

by · The Markets Daily

Equitable (NYSE:EQH – Get Free Report) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a $58.00 price target on the stock, up from their prior price target of $47.00. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 18.25% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays boosted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price target on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $51.64.

View Our Latest Analysis on Equitable

Equitable Trading Down 0.1 %

Equitable stock opened at $49.05 on Friday. Equitable has a 52 week low of $31.76 and a 52 week high of $50.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of -45.00 and a beta of 1.38. The company has a 50 day moving average price of $47.43 and a 200 day moving average price of $43.78.

Equitable (NYSE:EQH – Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. Research analysts forecast that Equitable will post 6.05 EPS for the current year.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares of the company’s stock, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on 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 owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,032 shares of company stock valued at $6,031,759 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its stake in Equitable by 2.7% during the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP boosted 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 acquiring an additional 161,376 shares during the period. Dimensional Fund Advisors LP grew its stake 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 worth $166,855,000 after acquiring an additional 539,904 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable in the second quarter worth $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Equitable by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock worth $93,322,000 after acquiring an additional 54,380 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

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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