Equitable (NYSE:EQH) Price Target Raised to $62.00 at Keefe, Bruyette & Woods

Equitable (NYSE:EQH) had its price objective upped by Keefe, Bruyette & Woods from $58.00 to $62.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently commented on EQH. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets started coverage on shares of Equitable in a report on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Company cut their price target on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and ten have issued 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 $54.67.

Equitable Trading Down 0.1 %

Shares of EQH stock opened at $53.66 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a market capitalization of $16.81 billion, a P/E ratio of 14.05 and a beta of 1.39. The company has a 50 day moving average price of $49.88 and a 200 day moving average price of $45.64. Equitable has a fifty-two week low of $32.72 and a fifty-two week high of $54.82.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities research analysts predict that Equitable will post 7.24 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

Insider Activity

In other news, CAO William James Iv Eckert sold 1,700 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the transaction, the chief executive officer now directly owns 648,555 shares in the company, valued at $30,760,963.65. The trade was a 4.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,032 shares of company stock worth $7,587,971. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Several large investors have recently modified their holdings of EQH. Versant Capital Management Inc grew its holdings in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares in the last quarter. Covestor Ltd lifted its position in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the last quarter. Assetmark Inc. lifted its holdings in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Equitable during the 3rd quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

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.