Equitable Holdings, Inc. (NYSE:EQH) Given Consensus Rating of “Moderate Buy” by Analysts

Equitable Holdings, Inc. (NYSE:EQHGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.00.

A number of research firms recently issued reports on EQH. UBS Group boosted their target price on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group upgraded shares of Equitable from a “hold” rating to a “buy” rating and boosted their target price for the company from $28.00 to $37.00 in a report on Monday, December 11th. JPMorgan Chase & Co. downgraded shares of Equitable from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods downgraded shares of Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a report on Tuesday, December 5th.

Get Our Latest Research Report on Equitable

Equitable Price Performance

Shares of NYSE EQH opened at $33.60 on Monday. The company has a market cap of $11.08 billion, a PE ratio of 9.94 and a beta of 1.41. Equitable has a 12 month low of $21.89 and a 12 month high of $35.34. The company has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $30.55.

Equitable (NYSE:EQHGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.50 billion. On average, analysts anticipate that Equitable will post 6.08 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. Equitable’s dividend payout ratio (DPR) is 26.04%.

Insider Buying and Selling at Equitable

In other Equitable news, CAO William James Iv Eckert sold 7,000 shares of Equitable stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $34.59, for a total transaction of $242,130.00. Following the transaction, the chief accounting officer now directly owns 20,318 shares of the company’s stock, valued at $702,799.62. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO William James Iv Eckert sold 7,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.59, for a total transaction of $242,130.00. Following the transaction, the chief accounting officer now directly owns 20,318 shares of the company’s stock, valued at $702,799.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick Lane sold 10,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $33.30, for a total transaction of $333,000.00. Following the transaction, the insider now directly owns 159,132 shares in the company, valued at $5,299,095.60. The disclosure for this sale can be found here. Insiders have sold a total of 246,814 shares of company stock valued at $8,207,471 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of Equitable by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock worth $2,949,000 after purchasing an additional 329 shares in the last quarter. American International Group Inc. raised its holdings in Equitable by 9.3% in the second quarter. American International Group Inc. now owns 4,007 shares of the company’s stock valued at $104,000 after acquiring an additional 342 shares in the last quarter. Stephens Inc. AR raised its holdings in Equitable by 3.7% in the second quarter. Stephens Inc. AR now owns 10,040 shares of the company’s stock valued at $273,000 after acquiring an additional 360 shares in the last quarter. TCW Group Inc. raised its holdings in Equitable by 0.5% in the fourth quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock valued at $2,397,000 after acquiring an additional 371 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Equitable by 3.5% in the second quarter. Kestra Advisory Services LLC now owns 11,244 shares of the company’s stock valued at $305,000 after acquiring an additional 378 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Company Profile

(Get Free Report

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

See Also

Analyst Recommendations for Equitable (NYSE:EQH)

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