Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) PT at $55.92

Equitable Holdings, Inc. (NYSE:EQH) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.58.

EQH has been the subject of a number of research reports. Morgan Stanley raised their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on Equitable from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. This trade represents 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 Equitable stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now directly owns 639,939 shares of the company’s stock, valued at $30,275,514.09. This trade represents a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equitable

Several hedge funds and other institutional investors have recently made changes to their positions in EQH. Norges Bank acquired a new stake in shares of Equitable during the fourth quarter worth $668,250,000. Wellington Management Group LLP grew its stake in shares of Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after purchasing an additional 3,303,449 shares during the period. Nordea Investment Management AB grew its stake in shares of Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after purchasing an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after purchasing an additional 1,261,466 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in shares of Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock worth $82,955,000 after purchasing an additional 1,236,799 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Performance

EQH opened at $51.44 on Monday. The firm has a market capitalization of $16.12 billion, a P/E ratio of 13.46 and a beta of 1.39. The stock’s 50 day moving average price is $50.91 and its two-hundred day moving average price is $46.38. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable has a 12-month low of $32.96 and a 12-month high of $56.00.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, equities analysts forecast that Equitable will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a $0.24 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.87%. Equitable’s payout ratio is 25.13%.

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.