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

Shares of Equitable Holdings, Inc. (NYSE:EQHGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.10.

A number of research firms recently issued reports on EQH. Evercore ISI increased their target price on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th. Wells Fargo & Company reduced their target price on shares of Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Morgan Stanley lifted their price target on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Truist Financial upped their price objective on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd.

Get Our Latest Stock Analysis on EQH

Equitable Price Performance

Shares of NYSE:EQH opened at $40.65 on Friday. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 12.59 and a beta of 1.40. The company has a 50 day moving average of $37.84 and a 200-day moving average of $34.21. Equitable has a one year low of $24.23 and a one year high of $41.19.

Equitable (NYSE:EQHGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that Equitable will post 6.08 earnings per share for the current year.

Insider Activity

In other news, insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the sale, the insider now directly owns 88,660 shares of the company’s stock, valued at approximately $3,374,399.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $33.77, for a total value of $2,026,200.00. Following the completion of the transaction, the chief executive officer now directly owns 703,254 shares in the company, valued at approximately $23,748,887.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 309,380 shares of company stock worth $11,348,471. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQH. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Equitable in the 3rd quarter worth about $536,000. Allspring Global Investments Holdings LLC grew its stake in Equitable by 16.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 71,770 shares of the company’s stock worth $2,038,000 after purchasing an additional 10,284 shares during the period. Teacher Retirement System of Texas grew its stake in Equitable by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company’s stock worth $783,000 after purchasing an additional 418 shares during the period. Principal Financial Group Inc. increased its holdings in Equitable by 7.9% in the third quarter. Principal Financial Group Inc. now owns 103,127 shares of the company’s stock worth $2,928,000 after purchasing an additional 7,518 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Equitable by 2.9% in the third quarter. California Public Employees Retirement System now owns 698,889 shares of the company’s stock valued at $19,841,000 after buying an additional 19,692 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

About Equitable

(Get Free Report

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.

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Analyst Recommendations for Equitable (NYSE:EQH)

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