Equitable Holdings, Inc. (NYSE:EQH) Receives $50.10 Average Price Target from Analysts

Equitable Holdings, Inc. (NYSE:EQH) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.10.

A number of equities analysts have weighed in on EQH shares. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company lifted their price target on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Barclays upped their price objective on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Equitable Stock Performance

EQH opened at $48.55 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable has a 12-month low of $31.76 and a 12-month high of $50.51. The firm has a 50 day moving average of $47.16 and a two-hundred day moving average of $43.57. The firm has a market capitalization of $15.21 billion, a PE ratio of -44.54 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. On average, analysts anticipate that Equitable will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.40, for a total value of $1,332,000.00. Following the completion of the transaction, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,032 shares of company stock worth $6,031,759 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

Several large investors have recently made changes to their positions in EQH. State Street Corp lifted its holdings in Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after purchasing an additional 338,205 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after buying an additional 161,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after buying an additional 539,904 shares in the last quarter. Acadian Asset Management LLC boosted its position in Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after acquiring an additional 3,155,487 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Equitable during the 2nd quarter valued at about $110,176,000. 92.70% of the stock is currently owned by hedge funds and other 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.