Equitable Holdings, Inc. (NYSE:EQH) Receives $48.70 Average Price Target from Analysts

Shares of Equitable Holdings, Inc. (NYSE:EQH) have been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $48.70.

Several research firms have recently issued reports on EQH. Wells Fargo & Company raised their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays raised their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley cut their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction 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 trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This represents a 4.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,166 shares of company stock valued at $4,443,605 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EQH. Covestor Ltd raised its stake in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. LRI Investments LLC increased its position in shares of Equitable by 892.9% during the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock worth $45,000 after purchasing an additional 1,000 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable during the 3rd quarter valued at $48,000. UMB Bank n.a. grew its stake in Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after buying an additional 718 shares during the last quarter. Finally, Quarry LP increased its position in Equitable by 623.5% during the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after buying an additional 2,039 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Trading Down 1.0 %

Shares of NYSE EQH opened at $47.25 on Wednesday. The stock has a market capitalization of $14.81 billion, a P/E ratio of -43.35 and a beta of 1.38. Equitable has a 1-year low of $31.62 and a 1-year high of $50.51. The business’s 50 day moving average is $45.93 and its two-hundred day moving average is $42.66. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. As a group, research analysts expect that Equitable will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.03%. Equitable’s dividend payout ratio (DPR) 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.