Equitable Holdings, Inc. (NYSE:EQH) Receives $52.18 Average Target Price from Analysts

Equitable Holdings, Inc. (NYSE:EQH) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $53.67.

Several research analysts recently commented on EQH shares. BMO Capital Markets assumed coverage on shares of Equitable in a report on Thursday. They set an “outperform” rating and a $70.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. raised 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. Finally, Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $58.00 in a research note on Monday, December 9th.

Insider Activity

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at $5,002,342.38. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable 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 sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,698 shares of company stock valued at $7,904,806 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Equitable

A number of hedge funds have recently bought and sold shares of EQH. Atomi Financial Group Inc. increased 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 worth $310,000 after purchasing an additional 209 shares during the period. Covestor Ltd grew its position in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock worth $631,000 after acquiring an additional 283 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after acquiring an additional 332 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the period. 92.70% of the stock is owned by institutional investors.

Equitable Stock Performance

Shares of Equitable stock opened at $53.14 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of -48.75 and a beta of 1.39. The stock’s 50-day moving average is $48.32 and its 200-day moving average is $44.61. Equitable has a one year low of $31.76 and a one year high of $53.99.

Equitable (NYSE:EQH) last released its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion for 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%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. Equities analysts predict that Equitable will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.81%. Equitable’s dividend 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.