Equitable (NYSE:EQH) PT Raised to $51.00

Equitable (NYSE:EQH) had its target price hoisted by analysts at Jefferies Financial Group from $46.00 to $51.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 24.82% from the company’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley upped their price target on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Truist Financial upped their price target on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Evercore ISI upped their price target on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods upped their price target on Equitable from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company decreased their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Equitable Stock Up 0.9 %

Shares of NYSE:EQH opened at $40.86 on Friday. The business has a fifty day moving average of $39.91 and a two-hundred day moving average of $36.36. The stock has a market cap of $13.29 billion, a P/E ratio of 12.65 and a beta of 1.41. Equitable has a 52-week low of $24.65 and a 52-week high of $41.95.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.59 billion. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 earnings per share. On average, equities analysts anticipate that Equitable will post 6.12 earnings per share for the current year.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.62, for a total value of $394,971.78. Following the sale, the chief operating officer now owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $37.66, for a total value of $1,129,800.00. Following the sale, the chief executive officer now owns 695,025 shares of the company’s stock, valued at approximately $26,174,641.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $39.62, for a total value of $394,971.78. Following the completion of the sale, the chief operating officer now directly owns 121,521 shares in the company, valued at approximately $4,814,662.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,411 shares of company stock valued at $8,776,371. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

A number of hedge funds have recently bought and sold shares of EQH. New Covenant Trust Company N.A. purchased a new position in shares of Equitable in the 1st quarter valued at about $28,000. Lindbrook Capital LLC increased its holdings in shares of Equitable by 143.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock valued at $33,000 after acquiring an additional 591 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after acquiring an additional 704 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Equitable in the 1st quarter valued at about $45,000. Finally, GAMMA Investing LLC purchased a new position in shares of Equitable in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

About Equitable

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.