Equitable (NYSE:EQH) PT Raised to $45.00 at JPMorgan Chase & Co.

Equitable (NYSE:EQH) had its price target raised by JPMorgan Chase & Co. from $36.00 to $45.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.60% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on EQH. Truist Financial upped their price target on shares of Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Evercore ISI upped their price target on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company decreased their price target on shares of Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Finally, UBS Group cut shares of Equitable from a “buy” rating to a “neutral” rating and upped their price target for the company from $40.00 to $43.00 in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and an average price target of $41.90.

Equitable Trading Down 0.7 %

Shares of NYSE:EQH opened at $41.06 on Tuesday. The stock has a market capitalization of $13.35 billion, a PE ratio of 12.71 and a beta of 1.43. Equitable has a 1 year low of $24.65 and a 1 year high of $41.95. The firm has a fifty day moving average price of $40.12 and a 200 day moving average price of $36.51.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, sell-side analysts forecast that Equitable will post 6.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $1,087,200.00. Following the completion of the transaction, the chief executive officer now owns 685,025 shares of the company’s stock, valued at $24,825,306. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $39.62, for a total transaction of $394,971.78. Following the completion of the sale, the chief operating officer now owns 121,521 shares of the company’s stock, valued at $4,814,662.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the sale, the chief executive officer now directly owns 685,025 shares of the company’s stock, valued at approximately $24,825,306. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,411 shares of company stock valued at $7,646,571. Insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of Equitable by 805.6% during the third quarter. Tower Research Capital LLC TRC now owns 31,659 shares of the company’s stock valued at $899,000 after purchasing an additional 28,163 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Equitable by 12.6% during the third quarter. AQR Capital Management LLC now owns 797,561 shares of the company’s stock valued at $22,643,000 after purchasing an additional 89,110 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Equitable during the third quarter valued at approximately $309,000. The Manufacturers Life Insurance Company grew its stake in shares of Equitable by 4,172.5% during the third quarter. The Manufacturers Life Insurance Company now owns 593,017 shares of the company’s stock valued at $16,836,000 after purchasing an additional 579,137 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Equitable in the third quarter valued at approximately $2,768,000. 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.