Analysts Set Equitable Holdings, Inc. (NYSE:EQH) Target Price at $52.18

Equitable Holdings, Inc. (NYSE:EQH) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $53.67.

A number of equities research analysts recently weighed in on EQH shares. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. BMO Capital Markets started coverage on Equitable in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays increased their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the sale, the chief operating officer now directly 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 filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,698 shares of company stock worth $7,904,806. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

Large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Equitable by 93.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,693 shares of the company’s stock valued at $3,746,000 after purchasing an additional 38,512 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Equitable during the fourth quarter valued at about $217,000. Trust Point Inc. acquired a new stake in shares of Equitable during the fourth quarter valued at about $207,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after purchasing an additional 283 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its stake in shares of Equitable by 14.7% during the fourth quarter. Capital Insight Partners LLC now owns 21,016 shares of the company’s stock valued at $991,000 after purchasing an additional 2,700 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Trading Down 0.3 %

NYSE EQH opened at $53.10 on Thursday. The company has a market cap of $16.64 billion, a PE ratio of -48.71 and a beta of 1.39. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable has a 12 month low of $31.76 and a 12 month high of $53.99. The stock has a 50 day moving average of $48.44 and a 200-day moving average of $44.71.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates 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 in the prior year, the business earned $1.15 EPS. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts anticipate that Equitable will post 6.03 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Tuesday, November 26th. Equitable’s payout ratio 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.